AICPA Addresses Taxpayers’ Top Questions About the Child Tax Credit
Jul 22, 2021
4 min read
COVID-19: Tax
The COVID-19 pandemic has impacted all aspects of our lives and created many uncertainties and challenges. The AICPA Tax Section is here to help and has developed resources to help you get through this critically important time.
Tax Subtopics
- C Corporation Income Taxation
- COVID-19: Tax
- Employee Benefits
- Individual Income Taxation
- International Tax
- IRS Practice & Procedure
- Partnership and LLC Taxation
- Partnership & LLC Taxation
- Policy & Regulatory Change
- Practice Management & Professional Standards
- S Corporation Income Taxation
- State & Local Tax (SALT)
- Tax Accounting
- Taxation of Estates & Trusts
- Tax-Exempt Organizations
- Tax Season
COVID-19: Tax Resources
Tax Section
The go-to source for tax practitioners. Access all the AICPA’s Tax Section content on AICPA.org.
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News
View all CPE & Learning
CPE & Learning
More Tax CPE & Learning will be released in the future
View all Professional Insights
Professional Insights
More Tax Professional Insights will be released in the future
- Client Letters for Year-End Coronavirus Relief Act
- COVID-19 Loan Application Assistance Service Engagement Letter
- PPP Sample Engagement Letters
Client-facing tools
- Summary of American Rescue Plan Act of 2021
- Summary of Year-End Coronavirus Relief Act (signed into law Dec. 27, 2020)
- CARES Act and Families First Coronavirus Response Act Summary
- Comparison of COVID-19 Business Relief Options Chart
- Coronavirus and Tax Impacts FAQs
- Employee retention credit guidance and resources
- PPP State Tax Treatment Chart
- SBA and Treasury Guidance Issued After Economic Aid Act
- State Tax Filing Relief Guidance
Practitioner guidance
- Challenges with contingency fees and the ERC | Tax Section Odyssey
- A look towards the horizon for potential tax legislation | Tax Section Odyssey
- Uncertainties with PPP and tax in 2021 | Tax Section Odyssey
- The American Rescue Plan Act of 2021 | Tax Section webcast archive
- PPP + ERC in 2020 | Tax Section Odyssey
- Breaking down the employee retention credit | Tax Section Odyssey
- The New Employee Retention Credit: More for Eligible Employers | Tax Section webcast archive
- See more Tax Section Odyssey episodes.
Podcasts and videos
- H.R. 1319: American Rescue Plan Act of 2021
- H.R. 133: Consolidated Appropriations Act, 2021
- H.R. 6201: Families First Coronavirus Response Act
- H.R. 748: Coronavirus Aid, Relief and Economic Security (CARES) Act
- H.R. 7010: Paycheck Protection Program Flexibility Act
Legislation
- Notice 2021-25 – Temporary 100-Percent Deduction for Business Meal Expenses
- Notice 2021-24 – Relief from Penalty for Failure to Deposit Employment Taxes
- Notice 2021-23 – Guidance on the Employee Retention Credit under the CARES Act for the First and Second Calendar Quarters of 2021
- Notice 2021-20: Guidance on the Employee Retention Credit under Sec. 2301 of the CARES Act
- See more IRS notices and revenue procedures.
IRS Notices and Revenue Procedures
- Child and Dependent Care Tax Credits FAQs
- Tax Credits for Paid Leave Under the American Rescue Plan Act of 2021 for Leave After March 31, 2021
- COVID-19-Related Employee Retention Credits: How to Claim the Employee Retention Credit FAQs
- Carryback of NOLs by C Corporations to Taxable Years in which the Alternative Minimum Tax Applies
- Carryback of NOLs by certain exempt organizations
- See more IRS COVID-19 FAQs.
IRS FAQS
- Cross-Border Tax Guidance Related to Travel Disruptions Arising from the COVID-19 Emergency
- IRS Coronavirus and Economic Payments: Resources and Guidance
- IRS Economic Impact Payment Information Center
- IRS Operations During COVID-19: Mission-Critical Functions Continue
Other IRS guidance
- COVID-19 and the Family and Medical Leave Act Questions and Answers
Department of Labor
- Business Loan Program Temporary Changes; Paycheck Protection Program
- Coronavirus Small Business Guidance and Loan Resources
- Paycheck Protection Program FAQs
Small Business Administration
- Economic Impact Payments for Social Security and SSI Recipients – Steps to Take and Schedule of Payments
Social Security Administration