Under the Families First Coronavirus Response Act (FFCRA), businesses with less than 500 employees are required to provide sick and family leave to individuals that qualify under the act. The requirement was clear, however, the tax requirements for reporting were not, until now. IRS Notice 2020-54 was recently published to provide the necessary guidance to employers on the reporting requirements found in the act.
The guidance provides an overview on the type of leave that qualifies, how to report the qualified sick and or family wages and also provides model language to use when reporting the leave.The full IRS Notice 2020-54 can be read by clicking here.
About the Authors. This update was prepared by HR Pros, LLC, a national HR consulting firm that helps companies reduce operational and employment related risks. Contact Christopher Brown (cbrown@hrpros.biz), Philip Roach (philipcr@hrpros.biz) or Josh Blinkey (jblinkey@hrpros.biz) for more information.
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