Apply by April 15 to Keep All
At CRES, our business is to protect yours. Part of that is to make sure you take advantage of tax-credits that might be missed. Families First Coronavirus Response Act (FFCRA) is a tax-credit of up to $32,200 for missed work; not a loan, PPP or ERC. Previously it was only available to companies who paid sick/family leave time to their employees due to COVID, it’s now extended to the self-employed.
Qualifications: You reported Self-Employment Income and any of the Following Occurred in 2020 and/or 2021
- You were subjected to a lockdown
- You had Covid or quarantined
- You tested for Covid or were vaccinated
- You had a child home from school due to lockdowns
- You cared for someone else who was sick or at-risk
You must have reported self-employment income in 2020 and/or 2021 because this tax-credit increases with income. A mix of self-employment and W-2 income can still qualify.
We have partnered with Ibantek to provide a completely online application process. The IRS requires amended tax returns and the filing of FFCRA forms. They will pull your returns from the IRS, their CPA’s handle the paperwork, you e-sign and get a check directly from the IRS in 8-10 weeks. Unlike a CPA, there is a no-out-of-pocket option for their fees via PayPal.