Tax Issues in the HIRE Act

Course Description

On March 18, 2010, the President signed the Hiring Incentives to Restore Employment (HIRE) Act, which is intended to encourage employers to hire the unemployed. This program examines the impact the act has on your business clients.

During this Webcast, participants will:

• Examine the two incentives meant to jump-start employment hiring.
• Analyze which employers qualify and which employers don’t.
• Learn what the maximum per-employee credit is for 2010.
• Learn how to apply the “affidavit” requirement properly.
• Learn who is and who isn’t a disqualified related party.
• Understand when to elect out of using the HIRE benefits.
• Learn how to properly report the HIRE tax forgiveness on Form 941.
• Examine the $1,000 retention credit.
• Marvel at the renewal of the §179 expensing election.
• Glance at the expansion of the Build America Bond program.
• Discuss foreign tax compliance rules.
   

Learning Objectives

Upon successful completion of this course, participants will be able to:

• Recognize key tax changes effective in 2010 that affect individual and employee taxation.
• Identify numerous tax issues and provisions that impact your clients’ or employer’s tax returns.
• Apply various tax rates and computations to scenarios just like those you see in your office, to better prepare you for the upcoming tax season.