What Forms Do I Need to File for The Employee Retention Tax Credit?

To claim the employee retention credit, you will need to file Form 941, Employer's Quarterly Federal Tax Return, or Form 944, Employer's Annual Federal Tax Return. You will also need to complete Form 5884-C, Employee Retention Credit for Employers Subject to Closure or Operating at a Reduced Level Due to COVID-19.

To claim the credit, you will need to report the following information on Form 941 or Form 944:

1. The number of employees for each quarter or year.

2. The total wages paid to employees for each quarter or year.

3. The amount of qualified wages and qualified health plan expenses paid or incurred for each quarter or year.

You will also need to complete Form 5884-C and attach it to your Form 941 or Form 944. On Form 5884-C, you will need to provide the following information:

1. The reason you are eligible for the credit, such as whether you were subject to a government order to fully or partially suspend operations or experienced a significant decline in gross receipts.

2. The period of time you were eligible for the credit.

3. The amount of qualified wages and qualified health plan expenses paid or incurred for each quarter.

4. The number of employees for each quarter.

It's important to note that the employee retention credit is only available to employers who were fully or partially suspended by government order due to COVID-19, or who experienced a significant decline in gross receipts. If you are unsure whether you are eligible for the ERC credit, you may want to contact us for your complimentary ERC evaluation.