Form 7202 Credits for Sick Leave and Family Leave for Certain Self-Employed Individuals

[kabbabkkg]

Looking for any pointers or information from anyone who has filled out one of these forms.

Thanks 

Sandy

[TaxGuyBill · Accepted solution]

Read through the Instructions to see who qualifies.

Ask your clients if they meet any of the qualification requirements. If they do, ask them for the number of days for each category, and the exact dates that they met the requirements.

[qbteachmt]

There are some differences for 2020 vs 2021. Here is a good reference:

https://www.irs.gov/newsroom/paid-sick-and-family-leave-credit-2020-vs-2021-comparison-chart

And some others:

https://www.irs.gov/newsroom/tax-credits-for-paid-leave-under-the-families-first-coronavirus-respons...

https://www.irs.gov/newsroom/tax-credits-for-paid-leave-under-the-american-rescue-plan-act-of-2021-s...

Because 1st quarter 2021 is a bit of an issue.

[kabbabkkg]

Thank you

[kabbabkkg]

Thanks