X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
U.S. Internal Revenue Service building in Washington, D.C. May 14, 2013. (Photo: Diego M. Radzinschi/THE NATIONAL LAW JOURNAL.)

At some point in 2020, most smaller businesses were legally required to provide paid time off to employees who were impacted by the Covid-19 pandemic. The Families First Coronavirus Response Act (FFCRA) created mandatory leave provisions that allowed employees to take paid time off for several different coronavirus-related reasons, including to provide care for children and family members. Now, employers are grappling with the aftermath—in terms of IRS wage reporting requirements.

Small businesses who haven’t already completed their reporting obligations should pay close attention to the reporting guidance—and those who have should confirm that 2020 FFCRA wages were reported correctly to avoid problems down the line.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.