Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Tax Talk
- :
- Employer Retention Credit
Employer Retention Credit
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Mn3
Level 1
04-09-2020
11:44 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hello,
I would like to know more about how to claim the Employer Retention Credit. I'm not very comfortable with the idea of just withholding payroll tax deposits. I know during hurricane disasters the ERC was claimed on the federal tax return. Any information on this would be very helpful!
Thanks in advance!
Melinda Nielsen, EA
This discussion has been locked.
New comments cannot be posted on this discussion anymore. Start a
new discussion
1 Comment 1
TaxGuyBill
Level 15
04-09-2020
01:31 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The credit will be claimed on the 941, so yes, if you want reduce deposits, you can.
The other option is to pay them as usual, but claim the Advance credit on Form 7200.
