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New Tax Credit for Paid Leave (Part 2): IRS Issues Helpful Guidance
Verrill Dana LLP 
[Guidance Overview] Oct. 3, 2018 "For paid leave to be eligible for the credit, the leave must be specifically designated for one or more FMLA purposes, [2] may not be used for any other reason, and [3] cannot be provided by a State or local government or be required by State or local law.... [Notice 2018-17] also clarifies that ... the minimum paid leave requirements must be satisfied with respect to each FMLA purpose for which the employer intends to claim the credit." MORE >> |
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