DC Tax Flash: IRS Instructs Employers on Reporting Qualified Sick and Family Leave Wages Paid
The Internal Revenue Service (IRS) today issued Notice 2020-54, which provides employer guidance on reporting the amount of qualified sick and family leave wages paid to employees under the Families First Coronavirus Response Act (FFCRA) (Public Law 116-127) on Form W-2 or in a statement that accompanies the form.
The guidance also provides employers with model language adaptable for use in the Form W-2 instructions for employees. "The wage amount that the notice requires employers to report on Form W-2 will provide self-employed individuals who are also employees with the information necessary to determine the amount of any sick and family leave equivalent credits they may claim in their self-employed capacities," the IRS explains.
The 10-page text of Notice 2020-54 is posted here.
Miller & Chevalier Coronavirus Task Force
The outbreak of COVID-19 is creating significant business and legal challenges for companies throughout the world. In response to client demand, the firm has formed an interdisciplinary task force to help businesses navigate these issues.
This, and related communications, are protected by copyright laws and treaties. You may make a single copy for personal use. You may make copies for others, but not for commercial purposes. If you give a copy to anyone else, it must be in its original, unmodified form, and must include all attributions of authorship, copyright notices, and republication notices. Except as described above, it is unlawful to copy, republish, redistribute, and/or alter this presentation without prior written consent of the copyright holder.