FFCRA Tax Credits: IRS Guidance Imposes New Requirements and Restrictions on Paid Leave
On March 31, 2020, the Internal Revenue Service (IRS) issued new guidance and FAQs for employers seeking COVID-19-related tax credits to offset the cost of providing paid leave under the federal Families First Coronavirus Response Act (FFCRA). The guidance, which includes 66 FAQs, imposes new requirements related to FFCRA leave in order for an employer … Continued