• Home
  • Resources
  • IRS Tax News
  • Guidance on the Employee Retention Credit under the CARES Act for the First and Second Calendar Quarters of 2021

Guidance on the Employee Retention Credit under the CARES Act for the First and Second Calendar Quarters of 2021

02 Apr 2021 3:46 PM | Anonymous

Notice 2021-23 provides guidance on the employee retention credit provided under Section 2301 of the Coronavirus Aid, Relief, and Economic Security Act, as amended by section 207 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, for qualified wages paid after December 31, 2020, and before July 1, 2021.  Notice 2021-23 amplifies Notice 2021-20 and provides employers with guidance on how to determine their eligibility for and the amount of the employee retention credit they may claim for the first and second calendar quarters of 2021.

Notice 2021-23 will be in IRB:  2021-16, dated April 19, 2021.


©2019, Virginia Society of Tax & Accounting Professionals, formerly The Accountants Society of Virginia, 
is a 501(c)6 non-profit organization.

PO Box 3363 | Warrenton, VA 20188 | Phone: (800) 927-2731 | Fax: (888) 403-0920 | asv@virginia-accountants.org

Powered by Wild Apricot Membership Software