IRS Releases FAQ on Employee Retention Credit
April 01, 2020
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is designed to encourage eligible employers to keep employees on their payroll, despite experiencing economic hardship related to COVID-19, with an employee retention tax credit (Employee Retention Credit).
The IRS has issued a FAQ on the Employee Retention Credit:
https://www.irs.gov/newsroom/faqs-employee-retention-credit-under-the-cares-act
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