President Obama signed bill H.R. 4851 to extending the COBRA subsidy program to May 31 2010 and unemployment benefits to June 2, 2010. The 65% of the premium paid by the employer is reimbursed through a credit against the employer’s employment tax liabilities. The credit is taken on Form 941 or Form 944 and is …
Read more »The IRS has released guidelines for employers planning on taking the tax credit under the employment incentive law (HIRE Act). In addition, they have also released a new form W-11 that the employee must complete and sign for the employer to claim the credit. Form W-11 does not need to be filed with IRS, but does need …
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