Q: What if I already filed my taxes for 2020 & 2021?

A: Our CPA will need to file an amendment on your tax return. All we require from you is a copy of your 2019, 2020 and 2021 tax returns and a copy of your driver's license, and we’ll handle the rest.

Q: When was the FFCRA created?

A: The FFCRA (Families First Coronavirus Response Act), it was signed into law on March 18, 2020, to address the economic impacts of the COVID-19 pandemic. It was meant to provide paid sick leave and expanded family and medical leave until December 31, 2020. Subsequently, the American Rescue Plan Act (ARP), signed into law on March 11, 2021, addressed the continuation of these provisions and included payroll tax credits for such paid leaves.

Q: What qualifies for “missing work” due to COVID?

A:

1. Infection:

  • Individual Infection: If an employee tests positive for COVID-19, they are required to isolate themselves to prevent spreading the virus. The isolation period depends on the guidelines provided by health authorities.
  • Family Member Infection: If a family member or someone in the same household tests positive, the employee might need to quarantine.

2. Exposure:

  • Direct Exposure: Employees who have had direct exposure to someone with a confirmed case of COVID-19 might need to quarantine for a specified period.
  • Workplace Outbreak: If there is an outbreak at the workplace, employees might be asked to stay home.

3. Health Concerns:

  • High-Risk Individuals: Employees who are at high risk for severe illness from COVID-19 (e.g., older adults, individuals with certain preexisting conditions) might be advised or choose to stay home.
  • Mental Health Concerns: The stress and anxiety caused by the pandemic can impact mental health. Some employers acknowledge this and support employees taking time off to care for their mental health.

4. Childcare and School Closures:

  • Closed Schools/Daycares: Employees might need to stay home to care for children due to school or daycare closures.
  • Sick Child: If a child is sick, showing symptoms, or has been exposed to COVID-19, a parent might need to stay home to care for them.

5. Preventative Measures:

  • Remote Work: To reduce the spread of the virus, some companies have adopted remote work policies, asking employees to work from home.
  • Rotational Shifts: Some workplaces have implemented rotational shifts or workweeks to limit the number of employees in the office at any given time.

6. Travel Restrictions:

  • Government Mandates: Some employees might be unable to attend work due to government-mandated travel restrictions or lockdowns.
  • Self-Isolation After Travel: Employees returning from areas with high COVID-19 cases might be required to self-isolate.

7. Vaccination:

  • Side Effects: Some employees may experience side effects after receiving the COVID-19 vaccine, requiring them to take a day or two off to recover.
  • Vaccination Appointments: Employers might allow time off for employees to get vaccinated.

  • Q: What documentation do I need to provide?

    A: Primarily, we need you to fill out a questionnaire and provide copies of your tax returns for the years 2019, 2020, and 2021, including your Schedule C. Additionally, an 8821 form and a copy of your driver's license are required for identification purposes. We offer an electronic submission option for the 8821 form to simplify the process for you.

    Q: Is there a lot of paperwork involved in the process?

    A: No, the process is quite streamlined. We provide an electronic agreement letter emailed to you that you simply need to review, sign, and date. Additionally, you are required to upload copies of your tax returns for 2019, 2020, and 2021, along with a copy of your driver's license.

    We aim to ensure a hassle-free experience. After receiving your tax returns, our team handles the rest, ensuring that all necessary filings are completed on your behalf.

    Q: How is the amount of my tax credit determined?

    A: The calculation of your tax credit is influenced by several key factors, including:

    • Your Net Income: The net income reported on Schedule C of your 2019, 2020, and 2021 tax returns.
    • Sick or Quarantine Days: The number of days you were unable to work due to illness or mandatory quarantine related to COVID-19.
    • Caring for a Loved One: The duration for which you cared for a family member or loved one affected by COVID-19.
    • School or Daycare Closures: The period schools or daycare centers were closed, requiring you to care for a minor child.

    These elements collectively influence the amount of tax credit you can anticipate receiving.

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