Notice 2021-20, page 922.

Notice 2021-20 provides guidance on the employee retention credit provided under Section 2301 of the Coronavirus Aid, Relief, and Economic Security Act, as amended by section 206 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act), for qualified wages paid after March 12, 2020, and before January 1, 2021. Notice 2021-20 largely incorporates the concepts previously set forth in the Frequently Asked Questions (FAQs) posted on the IRS website. Notice 2021-20 also contains guidance related to changes made by the Relief Act not addressed in the FAQs, including information for employers that received Paycheck Protection Program (PPP) loans.