The following is an excerpt from the email received on this topic.
The Internal Revenue Service released a new form that will help employers claim the special payroll tax exemption that applies to many newly-hired workers during 2010, created by the Hiring Incentives to Restore Employment (HIRE) Act signed by President Obama on March 18.
New Form W-11, Hiring Incentives to Restore Employment (HIRE) Act Employee Affidavit, is now posted on IRS.gov, along with answers to frequently-asked questions about the payroll tax exemption and the related new hire retention credit. The new law requires that employers get a statement from each eligible new hire, certifying under penalties of perjury, that he or she was unemployed during the 60 days before beginning work or, alternatively, worked less than a total of 40 hours for anyone during the 60-day period. Employers can use Form W-11 to meet this requirement.
See news release IR-2010-43, which provides information about the HIRE Act and the availability of the new form.
Krista Clark
IRS Governmental Liaison, ME/NH/VT
68 Sewall Street
Augusta, ME 04330
voice: 207-626-9128
cell: 202-746-4208
fax: 207-622-8229
email:
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