The Taxpayer Advocate has released a tool that can be used to help businesses determine whether they qualify for certain tax credits and benefits that relate to COVID-19.
The tool is presented as a questionnaire where businesses can answer questions such as, "What type of business are you representing or inquiring about?" and confirm certain details to determine which benefits are available.
At the end of the process a business will receive a summary of whether they qualify for the Families First Coronavirus Response Act (FFCRA), the Employee Retention Credit, or CARES act relief. There are also links that can direct the business representative to learn more.
At the end of the process a business will receive a summary of whether they qualify for the Families First Coronavirus Response Act (FFCRA), the Employee Retention Credit, or CARES act relief. There are also links that can direct the business representative to learn more.
Click the image to try the COVID-19 tool.
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