U.S. IRS Provides Guidance for Employers Claiming the Employee Retention Credit for 2020

The U.S. IRS has announced guidance for employers claiming the Employee Retention Credit for 2020.

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IRS provides guidance for employers claiming the Employee Retention Credit for 2020, including eligibility rules for PPP borrowers

IR-2021-48, March 1, 2021

WASHINGTON — The Internal Revenue Service today issued guidance for employers claiming the employee retention credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as modified by the Taxpayer Certainty and…