Tax relief for employer leave-based donation programs that aid victims of the COVID-19 pandemic
The IRS extended the tax relief provided in Notice 2020-46 for calendar year 2021 for employers whose employees forgo sick, vacation or personal leave because of the COVID-19 pandemic. Click here for more.
Avoid these errors when requesting advance payments of employer credits
The IRS reminds employers to carefully read instructions and double-check these key items (click here) to avoid errors and processing delays when they complete Form 7200, Advance Payment of Employer Credits Due to COVID-19.