HIRE Act Credit Still Available for Second Quarter
Employers may still claim the credit for the second quarter by filing Form 941-X, Adjusted Employer’s QUARTERLY Federal Tax Return or Claim for Refund.
IRS Releases Revised Form 941-X to Claim HIRE Act Credit for Previous Quarters
On September 11, 2010, the Internal Revenue Service (IRS) released a revised Form 941-X which employers can use to claim the HIRE Act credit for previous quarters. The new form adds lines 11a-11c to adjust for the credit. The new lines are for the following:
- 11a. Number of qualified employees first paid exempt wages/tips this quarter.
- 11b. Number of qualified employees paid exempt wages/ tips this quarter.
- 11c. Exempt wages/tips paid to qualified employees this quarter.
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