Breaking News: IRS Releases FFCRA Tax Guidance
By Mary Ellen Schill and Amy E. Ebeling
April 1, 2020
The Families First Coronavirus Response Act (the “FFCRA”) provides certain eligible employers with refundable tax credits that reimburse those employers for the cost of paying the paid sick and family leave wages as required by FFCRA.
After almost two weeks, the IRS has released extensive guidance on the refundable tax credits, including 66 FAQ questions.
Ruder Ware’s COVID-19 Focus Team doing all we can to keep you informed as new guidance and information is released.
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