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Level 2
January 23, 2024
Question

Is there a form 5884A

  • January 23, 2024
  • 2 replies
  • 12 views
I was told to claim the income from employee retention credits I would need to file form 5884A.
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2 replies

sjrcpa
Level 15
January 23, 2024

"I was told"

By whom?

The more I know the more I don’t know.
sjrcpa
Level 15
January 23, 2024

There is such a Form.

https://www.irs.gov/pub/irs-pdf/i5884a.pdf

Is it applicable to your client's situation?

The more I know the more I don’t know.
qbteachmt
Level 15
January 24, 2024

If you are asking about the covid credit, you got bad guidance and wrong advice. The Form 5884A is for disasters, such as flood. You are asking about "ERTC" for covid, not ERC, factually.

You can read all of this topic to understand the difference:

https://accountants.intuit.com/community/proseries-tax-discussions/discussion/employee-retention-credit-where-to-enter-1120-s/00/163065

 

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