|Posted on 29 April, 2020 at 10:02|
Common errors to avoid when filing for advance payment of employer credits
Employers who are filing Form 7200, Advance Payment of Employer Credits Due to COVID-19 should read the instructions carefully and take their time when completing this form to avoid mistakes.
Using a reputable tax preparer – including certified public accountants, enrolled agents or other knowledgeable tax professionals – can also help avoid errors. Mistakes can result in a processing delay, which means it may take longer to get the advanced payment.
Here are some common errors to avoid when filling out Form 7200:
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