Can I claim advance tax credits using Form 7200 for 2021?
157 views | Last modified 3/17/2021 7:42:41 AM EST

Applicable To
Form 941 Form 1099 / W-2 Form 2290

Yes, you can claim advance tax credit using Form 7200  for 2021. Form 7200 can be filed to request an advance payment for qualified sick and family leave wages till April 30, 2021. Likewise, employee retention credits can be claimed by filing Form 7200 through August 2, 2021.

Please note that Form 7200 cannot be filed for other quarters of 2021 if the credit for qualified sick and family leave wages is not extended to acquire leave after March 31, 2021. Likewise, Form 7200 cannot be filed after Quarter 2 of 2021 if the employee retention credit is not extended to pay wages after June 30, 2021. 

Currently, ExpressEfile doesn’t support the filing of Form 7200; however, you can use our sister product TaxBandits to file Form 7200. 

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