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Report Form 7200

If you’ve requested advance payment of the qualified sick and family leave credits and the employee retention credit from the IRS by filing form 7200, this must be reported to Gusto. 

It is important we record amounts from any Form 7200 that is filed so that we will not continue to apply the credit on future payrolls or request it as a refund at the end of quarter.

For more information on IRS form 7200, click here.

Note: Gusto does not file Form 7200 on your behalf.

Customers that have filed IRS Form 7200 are required to report to Gusto:

  • The requested amount (line 8 on the Form 7200)
  • The date form 7200 was filed

To do so, follow these steps: 

  1. Go to the COVID-19 section of your Gusto account. 
  2. Scroll to the tile called “Advanced payment of employer tax credits” and click Learn more.
  3. Read through the information and instructions. When you’re ready to file for form, click Get started.
  4. The following page will provide the amounts you’re eligible to claim on the form. When you’ve filed the form and you’re ready to report those numbers, click Update Gusto.
    • ​​​​​​​Note: If you've already received these funds from the IRS, check the box "Payments received by the IRS." If you haven't, make sure to come back to this page when you do receive the funds. Click Update status to let us know—this will ensure that we're reporting Form 941 accurately.
  5. Enter the filing date and the amount you requested on the form and click Submit.

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