April 6, 2020 - NFP CARES Act Webinar CARES Act Webinar - NFP - Final | Page 43

FFCRA – How to Get the Credit
IRS wants to get the money to you QUICKLY!
1. Use against all Form 941 payroll taxes that would
otherwise be deposited.
2. If paid leave > p/r taxes, employers may file Form
7200.
• https://www.irs.gov/forms-pubs/about-form-7200
FAQ #42 –
• An eligible employer may fax its completed form to 855-
248-0552.
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