Notice 2021-20 - Section III - Guidance for the Notice
Section III - Guidance (pp. 16-17)
Section III provides guidance in Q/A format (71 questions in all) on the following topics:
A. Eligible Employers
- Questions 1-6
B. Aggregation Rules
- Questions 7-9
C. Governmental Orders
- Question 10
D. Full or Partial Suspension of Trade or Business Operations
- Questions 11-22
E. Significant Decline in Gross Receipts
- Questions 23-28
F. Maximum Amount of Employer’s Employee Retention Credit
- Question 29
G. Qualified Wages
- Questions 30-39
H. Allocable Qualified Health Plan Expenses
- Questions 40-48
I. Interaction with Paycheck Protection Program (PPP) Loans
- Question 49
J. Claiming the Employee Retention Credit
- Questions 50-58
K. Special Issues for Employees: Income and Deduction
- Question 59
L. Special Issues for Employers: Income and Deduction
- Questions 60-61
M. Special Issues for Employers: Use of Third-Party Payers
- Questions 62-69
N. Substantiation Requirements
- Questions 70-71