What this letter is about We couldn’t process your Form 7200, Advance Payment of Employer Credits Due to COVID-19, due to missing or incorrect information, or we corrected a computation error on your Form 7200 and changed the amount of your advance payment. What you need to do Read your letter carefully. We listed the reason for the rejection or adjustment to the payment amount on the letter. You may want to Follow the directions on your letter for how you may be able to either submit a new Form 7200 or claim a credit on your applicable employment tax return. Review the instructions for Form 7200. Frequently asked questions For a list of questions and answers about tax credits related to COVID-19, refer to: COVID-19-Related Tax Credits for Required Paid Leave Provided by Small and Midsize Businesses FAQs FAQs: Employee Retention Credit under the CARES Act DOL Families First Coronavirus Response Act: Questions and Answers Helpful information Find more information about Coronavirus Tax Relief and Economic Impact Payments. Find more information about the Credit for Sick and Family Leave and the Employee Retention Credit. Find more information about the Consolidated Omnibus Budget Reconciliation Act (COBRA) Find more information about the American Rescue Plan (ARP) Reference Tools Form 7200, Advance Payment of Employer Credits Due to COVID-19PDF Instructions for Form 7200PDF Full list of tax forms and publications Need help? You can authorize someone to contact the IRS on your behalf. See if you qualify for help from a Low Income Taxpayer Clinic. If you can’t find what you need online, call the IRS number at the top of your notice or letter. If you didn’t receive a letter or notice, use telephone assistance. If you can't resolve the penalty on your own, contact Taxpayer Advocate Service, an independent organization within IRS.
