Level 3

Self employed sick leave credits

Forum|Forum|5 years ago
January 16, 2021
3 replies
20 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

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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♥¸¸.•*¨*•♫♪