Category: RefundPortal.com

IRS Issues Press Release Regarding Tax Credit and Related Issues On Families First Coronavirus Response Act

The joint press release on March 20, 2020 from the IRS and the DOL[1] foreshadows several important pieces of guidance that the agencies intend to release this week. The following summarizes what the agencies intend to include in their guidance. Key points Tax credits are available for sick and child-care qualifying leave payments. Eligible employer tax credits will fully reimburse...

READ MORE IRS Issues Press Release Regarding Tax Credit and Related Issues On Families First Coronavirus Response Act