What Information Must Third-Party Payers Obtain From Their Client Employers To Claim The Employee Retention Credit On Their Client Employer's Behalf? - #66 ERC IRS Notice 2021-20

Question #66:
What information must third-party payers obtain from their client employers to claim the employee retention credit on their client employer’s behalf?

Found under the M. Special Issues for Employers: Use of Third-Party Payers section of the Employee Retention Credit (ERC) IRS Notice 2021-20 with updated guidance to help business owners follow the current ERC rules.

The answer to question #66, What information must third-party payers obtain from their client employers to claim the employee retention credit on their client employer’s behalf?, can be found below.

Table of Contents

ERC IRS Notice 2021-20 Question #66:

M. Special Issues for Employers: Use of Third-Party Payers

What information must third-party payers obtain from their client employers to claim the employee retention credit on their client employer’s behalf?

If a third-party payer (such as a CPEO, PEO, or other section 3504 agent) is claiming the employee retention credit on behalf of the client employer, it must collect from the client employer any information necessary to accurately claim the employee retention credit on its client employer’s behalf. This includes obtaining information with respect to the client employer’s claims for credits under sections 7001 and 7003 of the FFCRA and under section 45S of the Code, as well as whether the client employer has received a Paycheck Protection Program loan authorized under the CARES Act.

For more information about the Employee Retention Credit (ERC) IRS Notice 2021-20, visit the Internal Revenue Service (IRS) Department of the Treasury, official IRS.gov tax website.

Conclusion and Summary on What information must third-party payers obtain from their client employers to claim the employee retention credit on their client employer’s behalf? – #66 ERC IRS Notice 2021-20

The answer to Question #66: “What information must third-party payers obtain from their client employers to claim the employee retention credit on their client employer’s behalf?” was answered in detail above. It was found under section “M. Special Issues for Employers: Use of Third-Party Payers” in IRS Notice 2021-20.

Leave a comment below if you have further questions on the Employee Retention Credit (ERC) or for clarifications on What information must third-party payers obtain from their client employers to claim the employee retention credit on their client employer’s behalf?

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Cover Image Credit: Irs.gov / IRS Notice 2021-20 / Disaster Loan Advisors.

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Mark Monroe

Senior Advisor, Employee Retention Tax Credit (ERC / ERTC) Division at Disaster Loan Advisors™

Mark Monroe is one of the distinguished Senior Advisors of the Employee Retention Tax Credit (ERC / ERTC) Division at Disaster Loan Advisors™, bringing deep expertise and a proven track record in helping businesses safely navigate and maximize benefits from the ERC Tax Credit, for those businesses that do qualify. His role involves a sophisticated understanding of the tax credit’s legislative framework and the updated changes of intricacies involved in securing these critical financial advantages for companies affected by past tax year economic challenges.

As a leading dedicated member of the Tax and Accounting Team at Disaster Loan Advisors™, Mark focuses on unlocking the ERC Tax Credit's potential for eligible firms that qualify, providing strategic advice, and detailed guidance to ensure substantial financial recovery and growth. His methodical approach to client engagement includes comprehensive deep-dive analysis, customized consultation and guidance, and a commitment to achieving tangible results for each business served.

Disaster Loan Advisors™ (DLA) offers a comprehensive suite of services designed to navigate the complexities of the Employee Retention Tax Credit (ERC) program, ensuring that qualified businesses leverage the maximum possible benefit with minimum hassle. Unlike some firms that charge exorbitant contingency or percentage-based fees (often between 10% to 30% of your ERC refund), DLA operates on a fair and reasonable, transparent flat-fee structure that aligns with the IRS's guidelines.

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Employee Retention Tax Credit ERC, ERTC, IRS + SBA News

What Information Must Third-Party Payers Obtain From Their Client Employers To Claim The Employee Retention Credit On Their Client Employer’s Behalf? – #66 ERC IRS Notice 2021-20