On April 1, 2020, the DOL issued its regulations on the paid leave provision of the Families First Coronavirus Response Act (i.e., the Emergency Paid Sick Leave Act and the Emergency Family and Medical Leave Act). While there is a lot to digest in the rule, the most significant aspect is the definition of and
FFCRA
IRS Issues Guidance on Documents Employers to Maintain to Substantiate Claim to Tax Credits for FFCRA Paid Leave
By Russell Cawyer on
As the paid leave provisions of the FFCRA take effect today, many employers are asking what information they should maintain so they can claim the tax credits that are available to pay for this leave. Luckily, the IRS has come to the rescue describing the information that should be maintained. The Service’s guidance explains that:…