Hiring Incentives to Restore Employment (HIRE) Act: 2010 Tax Update

Hiring Incentives to Restore Employment (HIRE) Act: 2010 Tax Update(Completed)

Date: Monday, April 26, 2010
Instructor: Vern Hoven

Begin Time:

10:00 am Pacific Time
11:00 am Mountain Time
12:00 pm Central Time
1:00 pm Eastern Time

CPE Credit:

1 hour for CPAs
1 hour Federal Tax Related for EAs and RTRPs

IMPORTANT NOTE: There is no teleconference (call in) option for this webcast. You will listen to the audio through your computer.

To improve your VOIP audio quality, we recommend using a headset since it will perform better with low audio settings. Make sure you close all of your applications, browser windows, e-mail applications, instant messaging programs such as Yahoo IM, MSN Messenger and Skype. These programs use Internet bandwidth and may affect your audio quality.

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

Dynamic tax expert, Vern Hoven, CPA, EA, will present via video. There will be opportunities for Q&A during the presentation.

Who Should Attend
CPAs, enrolled agents, other tax professionals.

Topics Covered

The two incentives meant to jump-start employment hiring
Analyzing which employers qualify ... and don’t qualify
The maximum per-employee credit for 2010
Applying the “affidavit” requirement properly
Defining, with numerous examples, who is, and is not, a disqualified related party
Understanding when to elect out of using the HIRE benefits
Reporting the HIRE tax forgiveness on Form 941 properly
The $1,000 retention credit
Renewal of the §179 expensing election
Tax credit bonds

Learning Objectives

Help your business clients understand and benefit from the provisions in the new HIRE Act.

Level
Update

Format
Live webcast

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
None

Advance Preparation
None