Get Answers Support Tax Filings & Payments 94x Forms General What is a recovery startup business? Last modified 3/31/2023 6:26:33 AM EST A company that started the business during the pandemic is eligible for the credit under the American Rescue Plan Act. If your startup meets the following requirements, it might be qualified. Your business was established on or after February 15, 2020. During the tax years 2020 and 2021, your annual gross receipts do not exceed $1 million. You have one or more W2 employees, excluding owners and immediate family. Was this helpful? Yes No Related Questions What payment options are available to pay the IRS for 94x filing? What is the difference between Form 940 and Form 941? How do tax professionals get authorization from their taxpayers to e-file their 94x forms? Do I need to add employer details every time I file a 94x form? Go to Home Page Need more help? Get in touch with our dedicated support team Contact Us (704) 684-4751 support@taxbandits.com Sign Up for a FREE TaxBandits Account! The Smart CPA Choice Register Now Already have an account? Sign in