Taxpayers Requesting Advance Payment of Employer Tax Credits May Get a Letter From the IRS

The IRS is sending letters to taxpayers that are experiencing a delay in the processing of Form 7200 (Advance Payment of Employer Credits Due to COVID-19). Taxpayers can file Form 7200 to request an advance payment of the employer tax credits for qualified sick and qualified family leave wages as well as the employee retention credit.

employer tax creditIf the IRS rejected a taxpayer’s Form 7200 or made a change to the requested amount of advance payment due to a computation error, then the taxpayer will receive letter 6312. The letter will detail the reason it was rejected or list the new payment amount.

If the IRS needs written verification that the address listed on the Form 7200 is the current business mailing address of the taxpayer, then the taxpayer will receive letter 6313. Form 7200 won’t be processed until the taxpayer provides the information to the IRS.

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