Were you in a hurricane federal disaster area?
Were you forced to close and unable to operate your business due to hurricane related reasons?
Did you pay your employees for time when you were closed and unable to operate your business due to hurricane related reasons?
If you answered YES to ALL three of the above questions, the IRS is willing to reimburse you for a portion of the wages you paid employees when you were closed and unable to conduct business. The maximum amount of the reimbursement is $2,400. The credit is 40% of the wages you paid to an employee up to $6,000 of wages during the period you were closed. This covers the period starting with the hurricane and ending on December 31, 2017. (more…)