New Guidance on Claiming the ERTC
On August 4, the IRS issued further guidance on the employee retention tax credit (ERTC), including guidance for employers who pay qualified wages after June 30, 2021, and before Jan. 1, 2022, and issues that apply to the ERTC in both 2020 and 2021.
Notice 2021-49 amplifies prior guidance regarding the employee retention credit provided in Notice 2021-20 and Notice 2021-23.
The new guidance addresses changes made by the American Rescue Plan Act (ARPA) to the ERTC that are applicable to the third and fourth quarters of 2021.
