Avoid These Common Errors When Requesting Advance Payments of Employer Credits

Help your clients avoid errors and processing delays when completing Form 7200, Advance Payment of Employer Credits Due to COVID-19. Some key items to double-check when filling out Form 7200 include:
  • Calendar quarter
  • Credits and advance requested
  • Employment tax return type
  • Federal tax deposit reductions
  • Missing or inaccurate employer identification number
  • Use an authorized signer
In addition, remember to fax completed Forms 7200 to 855-248-0552. Forms 7200 sent by mail will not be processed. Learn more here.