Level 3

Self employed sick leave credits

Forum|Forum|5 years ago
January 16, 2021
3 replies
0 views

Can anyone guide me towards what type of documentation I will be required to retain for these credits. I have searched far and wide and can’t seem to find and guidance. I know I will need to see covid test or something from school or work but I’m curious as to who’s on the hook here. I don’t wanna be caught unprepared since these are some hefty refundable credits.

This topic has been closed for replies.

qbteachmt

Level 15

I don't understand this part: "I know I will need to see covid test or something from school or work"

You seem to be asking about due diligence for your clients? The IRS instructions for Sched SE are where you will fill in the info. SE doesn't come from "school or work."

This link includes Self-employed FAQ: https://www.irs.gov/newsroom/special-issues-for-employees

*******************************Don't yell at us; we're volunteers

S

sonadora-jAuthor

Level 3

Sorry if my post was a little confusing.

T

TaxGuyBill

Level 15

Create a questionnaire for the taxpayers to fill out and sign.

It should list the qualifying reasons, the qualifying dates, and ask how many days they could perform their self employment due to those reasons (see the Instructions for lines 1 & 2, and also line 25 of Form 7202).

https://www.irs.gov/pub/irs-dft/i7202--dft.pdf

S

sonadora-jAuthor

Level 3

Very good idea will probably add these questions to the questionnaire I already have for self employed returns.

Just-Lisa-Now-

Intuit Community Champion

and Intuit told us the other day that the 7202 wont be able to be Efiled per IRS, so tell your client to be prepared for a long paper filed wait time.

This year is going to be a mess.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

T

TaxGuyBill

Level 15

@Just-Lisa-Now- wrote:
and Intuit told us the other day that the 7202 wont be able to be Efiled per IRS, so tell your client to be prepared for a long paper filed wait time.

That makes no sense. Where did Intuit say that?

That would mean EVERY self employed person that is affected would need to paper file? Again, that doesn't make any sense why the IRS would do that.

qbteachmt

Level 15

It's back to my question in that post - is it not allowed to be e-filed or is that an Intuit interpretation of IRS gibberish?

I'm thinking you won't be able to attach it as a pdf because the form is going to be in the client file and that is going to block e-filing. How are you going to get it to flow correctly without the form in the file?

I was confused, thinking this related to the SS deferral option. I forgot about these other two provisions.

"what type of documentation I will be required to retain for these credits."

Nothing requires a covid-positive test. It's more of an impacted because of covid issues status. And the family leave relates only to son and daughter. You would need to prove the person qualifies as self-employed and has a situation that meets the requirement(s).

*******************************Don't yell at us; we're volunteers

Sign up

Login with SSO

Let's get you signed in

Login with SSO

Scanning file for viruses.

This file cannot be downloaded