7202 for 2021

Forum|Forum|2 years ago
January 25, 2024
1 reply
11 views

Hi to all. I was wondering if self-employer able to get 10 days for part I and 10 days for part III and 60 days for part IV ( in deferent dates ) in total 80 days ? Am I right ? While in 2020 was able to get just 10 days!

Client also wants to get 50 days for part II, but I told him schools were opened.

Thanks for your help!

ProSeries Professional

This topic has been closed for replies.

Best answer by TaxGuyBill

@TaxGuyBill Perfect.

it says ......because of certain coro...-related care you required, it means for any reason you may claim sick leave equivalent credits?

for sick leave equivalent, let me know please this sick leave equivalent refer to self-employer when he/she had a problem because of Covid or it is referring to one of his/her son -daughter during ?

Thanks for your patience.

@HOPE2 wrote:

for sick leave equivalent, let me know please this sick leave equivalent refer to self-employer when he/she had a problem because of Covid or it is referring to one of his/her son -daughter during ?

It is referring care for the son/daughter. That is why I pointed you to the Instructions - it is clearer than how it is phrased on the form.

T

TaxGuyBill

Level 15

If the client is coming to you now and asking for the full amount of days on the 7202, that waives GIANT RED FLAGS in my mind. Whether it is intentional fraud or being mislead by something he saw on TikTok, I don't know, but it is very likely wrong.

I wouldn't touch it unless the client gave me clear documentation of everything.

Just-Lisa-Now-

Intuit Community Champion

I agree with Bill, this has been making the round on social media and people are looking to take advantage of this fraudulently.

I asked my clients about this back at the time of preparation, before people knew about this big credit and knew how to answer, I only had maybe 4 or 5 out of 140 Sch C people that took it, myself included, but only for a few days. Not one had anywhere near the full amount of credit days allowed.

Any new clients that come around now asking about this in particular credit, I wouldnt touch.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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