IRS Unwavering on Form 7200 Deadline for Advance Employer Credits (1)

Strict deadlines remain in place for filing the forms used to obtain advance payments of coronavirus-related employment tax credits, an IRS official said Nov. 5.

The last day to submit Form 7200, Advance Payment of Employer Credits Due to Covid-19, for fourth-quarter filers of Form 941, Employer’s Quarterly Federal Tax Return, is Jan. 31, 2021, said Kathy Stroub, an IRS employment tax policy analyst.

For Form 941 filers, Forms 7200 that are not timely filed would be rejected, Stroub said during the Internal Revenue Service’s monthly payroll industry teleconference. Form ...