FAQ’s
The Coronavirus Aid, Relief, and Economic Security (CARES) Act* includes several significant business tax and non-tax provisions. Here is the most comprehensive list of 100 FAQs compiled in conjunction with Internal Revenue Services website.
12 Popular Questions
General Information
Which Employers are Eligible to Claim the Employee Retention Credit
Which Entities are Considered a Single Employer Under the Aggregation Rules
What Types of Governmental Orders Related to COVID-19 May be Taken into Account for Purposes of the Employee Retention Credit
When an Employer’s Trade or Business Operations are Considered to be Fully or Partially Suspended Due to a Governmental Order
When an Employer is Considered to have a Significant Decline in Gross Receipts
Maximum Amount of an Eligible Employer’s Employee Retention Credit
Determining Qualified Wages
Determining the Amount of Allocable Qualified Health Plan Expenses
How to Claim the Employee Retention Credit
Interaction with Other Credit and Relief Provisions
Special Issues for Employees: Income and Deduction
Related Employee Retention Credits: General Information FAQs
Special Issues for Employers: Use of Third Party Payers
Other Issues