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April 2, 2020
Today, the IRS released FAQs to provide more detailed
information regarding the requirements, limitations, and application of the
paid leave credits."
- Basic
FAQs (#1-19)
- Determining the
Amount of the Tax Credit for Qualified Sick Leave Wages (#20-24)
- Determining the
Amount of the Tax Credit for Qualified Family Leave Wages (#25-30)
- Determining the
Amount of Allocable Qualified Health Plan Expenses (#31-36)
- How to Claim the
Credits (#37-43)
- How Should an
Employer Substantiate Eligibility for Tax Credits for Qualified Leave
Wages? (#44-46)
- Periods of Time
for Which Credits are Available (#47-48)
- Special Issues
for Employers: Taxation and Deductibility of Tax Credits (#49-51)
- Special Issues
for Employers: Interaction of FFCRA Tax Credits with Other Tax Credits
(#52)
- Special Issues
for Employers: Use of Third-Party Payers (#53)
- Special Issues
for Employers: Other Issues (#54-56)
- Special Issues
for Employees (#57-59)
- Specific
Provisions Related to Self-Employed Individuals (#60-66)
For a copy of these FAQs, please click on the link:
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