Overview

Congress has passed special provisions relating to COVID-19, including the ability to defer payment on employer-side Social Security tax, a tax credit for qualifying businesses called the β€œEmployee Retention Credit,” and a tax credit for mandatory sick leave paid under the Families First Coronavirus Response Act. In response to these provisions, the IRS has released a new version of Form 941 for quarterly payroll filings, and a new form called Form 7200 for getting refunds of the tax credits. Learn about these changes and more in this webinar.