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The IRS is offering a free webinar on July 8, 2010 at 2:00 P.M. ET for information on the Hiring Incentives to Restore Employment Act. The webinar will include information on the new tax exemptions for employee hiring and retention. The exemptions were introduced by the U.S. government last march as an incentive for businesses in American to hire and retain unemployed workers.

Employers may be eligible for a payroll tax exemption for their share of Social Security for certain workers hired after March 18, 2010. There is also a tax credit available for employee retention; employers may be eligible for up to a $1,000 tax credit for each employee hired and retained for a least 52 weeks.

Two of the requirements for the credit and exemption are that the employees are hired between February 3, 2010 and January 1, 2011, and that the employees must have been unemployed at least 60 days prior to beginning work, or were employed at less than 40 hours per week at least 60 day prior to starting work.

The IRS webinar will have more information on these requirements, which businesses can claim each benefit, how businesses can claim the benefits, and also general information on the HIRE act.

Registration for the free webinar is at: http://www.visualwebcaster.com/IRS/69705/reg.asp?id=69705

More information is detailed in this IRS article:

NATIONAL PHONE FORUMS AND WEBINARS

Meeting: Hiring Incentives to Restore Employment (HIRE) Act Webinar
Date(s): July 8, 2010
Time: 2:00 p.m. (EST); 1:00 p.m. (CST); 12:00 p.m. (MST); 11:00 p.m. (PST)
Location: Your home or office
Contact: Internal Revenue Service Webinar; E-mail: nationalphoneforum@irs.gov
Event Information: This FREE webinar is for:

* Tax professionals
* Attorneys
* Payroll professionals
* Industry partners
* Small businesses

Learn about:

* The HIRE Act payroll tax exemption and retention income tax credit for employers who hire previously unemployed workers
* Who qualifies as an eligible individual for each benefit
* What businesses may claim each benefit
* How business can claim those HIRE benefits

Earn Continuing Professional Education credit:

* Enrolled agents receive one CPE credit for participating for a minimum of 50 minutes from the start of the webinar
* Other tax professionals may receive credit if the webinar meets your organizations or states CPE requirements
* To receive credit, you must attend the event offered on July 8, 2010.
* You must also register for the webinar using your e-mail address, and use the same e-mail address to log in to attend. This will confirm your attendance and generate your Certificate of Completion.
* Groups will not receive individual certificates as attendance cannot be verified.
* *Only July 8, 2010 participants will receive certificates. If you do not need a certificate to obtain CPE credit, you may choose to view the archived version of the webinar after July 8, 2010.
* Look for your Certificate of Completion by e-mail approximately one week after the webinar. If you have met all requirements, you will receive your certificate automatically.