The IRS on Tuesday issued a new form and instructions for employers to use to obtain advance payments of three tax credits that were created to help businesses cope with the coronavirus pandemic.
The IRS explained the changes to the employee retention credit (ERC) for the first two calendar quarters of 2021 in Notice 2021-23, which amplifies Notice 2021-20. The credit was created by the ...
One provision of the American Rescue Plan Act of 2021 was a refundable tax credit available to small, midsize and certain government employers that reimburses them for the cost of providing paid sick ...
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