The IRS released an updated Form 7200, Advance Payment of Employer Credits Due to COVID-19, on May 18, 2021. The form was developed so employers could get new tax credit refunds paid in advance. IRS Note: At the time Form 7200 and these instructions went to print, the...
COVID-19 Credits
Federal Law Alert – COVID Relief Bill: Tax Credits for Paid Leave Extended to March 31
A new $900 billion coronavirus relief bill became law and answers the question of whether federal Emergency Paid Sick Leave (EPSL) and Emergency Family and Medical Leave (EFMLA) will be extended. The answer is yes, but it’s an option, not a requirement. Here’s what...