Taxpayers filing a Form 941, Employer's QUARTERLY Federal Tax Return, may submit a Form 7200, Advance Payment of Employer Credits Due to COVID-19, up to the earlier of February 1, 2021, or the date they file the Form 941 for the fourth quarter of 2020. Taxpayers filing a Form 943, Employer's Annual Federal Tax Return for Agricultural Employees, or Form 944, Employer's ANNUAL Federal Tax Return, may submit a Form 7200 up to the earlier of February 1, 2021, or the date they file the applicable employment tax return for 2020. Taxpayers filing a Form CT-1, Employer's Annual Railroad Retirement Tax Return, may submit a Form 7200 up to the earlier of March 1, 2021, or the date they file the Form CT-1 for 2020. For Frequently Asked Questions that discuss the employee retention credit, the credit for sick and family leave wages, and Form 7200, go to IRS.gov/erc and IRS.gov/plc.
