How to report coronavirus paid sick leave and family leave to employees

July 10, 2020

By Sally P. Schreiber, J.D., Journal of Accountancy

On Thursday, the IRS explained how employers should report the amount of qualified sick and family leave wages paid to employees under the Families First Coronavirus Response Act, P.L. 116-127 (Notice 2020-54).

The Families First Act, enacted March 18, requires employers with fewer than 500 employees to provide paid sick leave or family or medical leave for their employees who miss work for various coronavirus-related reasons. Eligible employers will be able to claim credits based on qualifying leave they provide between April 1, 2020, and Dec. 31, 2020.

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