Form 7200 Advance employer credits due to Covid-19

Technical topics regarding tax preparation.
#1
philly  
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Joined:
14-Sep-2014 4:48am
Location:
New York
All of our clients use a payroll service such as Paychex or ADP.
It looks like the payroll services are sending payroll customers emails stating that Form 7200 has to be filed and if not the employer can be subject to penalties. Is this form applicable to employers that have paid sick pay to employees due to the Covid -19 and businesses directly effected by Covid-19.
We do not prepare any payrolls in our firm.
Is anyone familiar with this form ?
 

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