Recapture of Excess Employment Tax Credits Under the Families First Act and the CARES Act
Recapture of Excess Employment Tax Credits Under the Families First Act and the CARES Act
If you are taking advantage of Employment tax Credit under the Families First Act and the CARES Act, please read this Federal Register document to get details on it (as of 07/29/2020).
There might be more changes to this document, so keep your eyes on the Treasure Regulations (as usual).
If you are looking for help to manage your payroll, please, contact Tax Bookkeeping Payroll, LLC for help.
About Form 7200, Advance Payment of Employer Credits Due to COVID-19
https://www.irs.gov/forms-pubs/about-form-7200 Use this link to find more information on Advance Payment of Employer Credits Due to COVID-19
Source: https://www.federalregister.gov/documents/2020/07/29/2020-16302/recapture-of-excess-employment-tax-credits-under-the-families-first-act-and-the-cares-act?utm_campaign=subscription+mailing+list&utm_source=federalregister.gov&utm_medium=email
