IRS Guidance Regarding Tax Credits for Paid Leaves; the Families First Coronavirus Response Act; and the Coronavirus Aid, Relief, and Economic Security Act
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The IRS has provided some guidance regarding the process for employers to obtain the tax credits provided for in the Families First Coronavirus Response Act (“FFCRA”) and the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The FFCRA tax credits are to reimburse small and midsize employers for amounts paid…