Section III - Guidance (pp. 16-17)
Section III provides guidance in Q/A format (71 questions in all) on the following topics:
A. Eligible Employers
Questions 1-6
B. Aggregation Rules
Questions 7-9
C. Governmental Orders
Question 10
D. Full or Partial Suspension of Trade or Business Operations
Questions 11-22
E. Significant Decline in Gross Receipts
Questions 23-28
F. Maximum Amount of Employer’s Employee Retention Credit
Question 29
G. Qualified Wages
Questions 30-39
H. Allocable Qualified Health Plan Expenses
Questions 40-48
I. Interaction with Paycheck Protection Program (PPP) Loans
Question 49
J. Claiming the Employee Retention Credit
Questions 50-58
K. Special Issues for Employees: Income and Deduction
Question 59
L. Special Issues for Employers: Income and Deduction
Questions 60-61
M. Special Issues for Employers: Use of Third-Party Payers
Questions 62-69
N. Substantiation Requirements
Questions 70-71