NTA2122. COVID Pandemic Tax Relief - Where Are We Now?

With COVID relief ending September 30, 2021, we need to be sure that our clients have filed for the many refundable employment tax credits that were available to them. Refundable tax credits, with a statute of limitations open until 2024 at the earliest, gives everyone an opportunity to assess qualification and apply for payments. In this session, the FFCRA Paid Leave Credits, the Employee Retention Credit, and the COBRA Premium Tax Credit will all be reviewed, focusing on practical problems that clients are having in receiving these credits.

Learning Objectives:

• Understand if your clients properly paid required paid sick and family leave in 2020
• Understand if your clients properly informed certain employees of the ability to forgo the payment of COBRA premiums during the April 1. 2021 through September 30, 2021 period
• Be able to assist clients in claiming refundable employment tax credits for paid sick and family leave incurred April 1, 2020 through September 30, 2021
• Be able to assist clients in claiming refundable employment tax credits for an employee retention credit for wages paid March 13, 2020 through September 30, 2021
• Be able to assist clients in claiming a COBRA premium tax credit for COBRA premiums due April 1, 2021 through September 30, 2021