Updates on the implementation of this employee retention credit, Frequently Asked Questions on Tax Credits for Required Paid Leave and other information can be found on the Coronavirus page of is to update the public on the new rules and inconsistencies of BIR regarding the so-called “ONLINE ATP” application to be implemented 60 days before June 30, 2013. Treasury and the IRS continue to closely monitor pending legislation related to the employee retention credit and will provide additional information as needed. Where can I find more information on the employee retention credit and other COVID-19 economic relief efforts? If a reduction in the employer's employment tax deposits is not sufficient to cover the credit, certain employers may receive an advance payment from the IRS by submitting Form 7200, Advance Payment of Employer Credits Due to COVID-19.
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