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Voices Inside the coronavirus-related employer tax credits and penalty relief Source: accountingtoday.com - May 5, 2020 The Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security, or CARES Act, provide refundable tax credits to certain employers that continue to pay their employees during the COVID-19 pandemic. The Internal Revenue Service is also providing employers eligible for these credits with relief from the penalty for failing to timely deposit employment taxes. Category: General Business |
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