Revenue Procedure 2021-33 requires employers to apply the safe harbor consistently for determining eligibility for the ERC. Restaurant Revitalization Grants under the American Rescue Plan Act of 2021.Īn employer elects to apply the safe harbor by excluding these amounts solely for determining whether it is an eligible employer for a calendar quarter for purposes of claiming the ERC on its employment tax return.Shuttered Venue Operators Grants under the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act and.The amount of the forgiveness of a Paycheck Protection Program (PPP) Loan.
#Receipts for 2021 pdf#
Revenue Procedure 2021-33 PDF provides a safe harbor permitting employers to exclude certain amounts from gross receipts solely for determining eligibility for the ERC.
WASHINGTON - The Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) today issued a safe harbor allowing employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit (ERC).
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