<p>Draft Form, Instructions Released for Advances of Employer Credits</p>

Draft Form, Instructions Released for Advances of Employer Credits

Internal Revenue Service

The IRS has released a draft Form 7200, “Advance Payment of Employer Credits Due to COVID-19,” and draft instructions for use by specified employers requesting an advance payment of tax credits for qualified sick and family leave wages and the employee retention credit.

<p>The IRS has released a draft Form 7200, “Advance Payment of Employer Credits Due to COVID-19,” and draft instructions for use by specified employers requesting an advance payment of tax credits for qualified sick and family leave wages and the employee retention credit.</p>