{"abstract":"In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations pursuant to the regulatory authority granted under the Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security Act to prescribe such regulations as may be necessary for reconciling advance payments of refundable employment tax credits provided under these acts and recapturing the benefit of the credits when necessary. These proposed regulations affect businesses and tax- exempt organizations that claim certain credits under the Families First Coronavirus Response Act for qualifying sick and family leave wages and that claim certain employee retention credits under the Coronavirus Aid, Relief, and Economic Security Act. The text of those temporary regulations serves as the text of these proposed regulations.","action":"Notice of Proposed Rulemaking by cross-reference to temporary regulations.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/07/29/2020-16300.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"31","title":26}],"citation":"85 FR 45551","comment_url":"https://www.regulations.gov/commenton/IRS-2020-0025-0002","comments_close_on":"2020-09-28","correction_of":null,"corrections":[],"dates":"Written or electronic comments and requests for a public hearing must be received by September 28, 2020. Requests for a public hearing must be submitted as prescribed in the \"Comments and Requests for a Public Hearing\" section.","disposition_notes":null,"docket_ids":["REG-111879-20"],"dockets":[{"supporting_documents":[],"agency_name":"IRS","documents":[{"comment_count":2,"comment_start_date":"2020-07-29","updated_at":"2024-11-06T19:20:01.749-05:00","comment_url":"https://www.regulations.gov/commenton/IRS-2020-0025-0002","allow_late_comments":true,"id":"IRS-2020-0025-0002","comment_end_date":"2020-09-29","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"IRS-2020-0025","title":"Recapture of Excess Employment Tax Credits Under the Families First Act and the CARES Act (REG-111879-20)"}],"document_number":"2020-16300","effective_on":null,"end_page":45553,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/07/29/2020-16300.xml","html_url":"https://www.federalregister.gov/documents/2020/07/29/2020-16300/recapture-of-excess-employment-tax-credits-under-the-families-first-act-and-the-cares-act","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-16300?publication_date=2020-07-29","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-07-29/2020-16300/mods.xml","not_received_for_publication":null,"page_length":3,"page_views":{"count":5107,"last_updated":"2026-06-27 16:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-07-29/pdf/2020-16300.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-16300.pdf?1595621714","publication_date":"2020-07-29","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/07/29/2020-16300.txt","regulation_id_number_info":{"1545-BP88":{"issue":"202210","html_url":"https://www.federalregister.gov/regulations/1545-BP88/recapture-of-excess-ffcra-and-cares-credits","title":"Recapture of Excess FFCRA and CARES Credits","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202210&RIN=1545-BP88&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1545-BP88"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BP88/recapture-of-excess-ffcra-and-cares-credits","title":"Recapture of Excess FFCRA and CARES Credits"},"comments_count":2,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2020-0025","supporting_documents_count":0,"docket_id":"IRS-2020-0025","document_id":"IRS-2020-0025-0002","regulation_id_number":"1545-BP88","title":"Recapture of Excess Employment Tax Credits Under the Families First Act and the CARES Act (REG-111879-20)","checked_regulationsdotgov_at":"2024-11-07T00:02:26Z"},"regulations_dot_gov_url":"https://www.regulations.gov/commenton/IRS-2020-0025-0002","significant":false,"signing_date":null,"start_page":45551,"subtype":null,"title":"Recapture of Excess Employment Tax Credits Under the Families First Act and the CARES Act","toc_doc":"Recapture of Excess Employment Tax Credits Under the Families First Act and the CARES Act","toc_subject":null,"topics":["Employment taxes","Income taxes","Penalties","Pensions","Railroad retirement","Reporting and recordkeeping requirements","Social security","Unemployment compensation"],"type":"Proposed Rule","volume":85}