1099Fire

The IRS is hosting a webinar on August 25th for the purpose of explaining what fringe benefits are. In short, fringe benefits include compensation paid to employees beyond payments for their work. Examples include company credit cards, company health insurance, and other benefits.

The webinar is for state and local government entities and tax professionals. It will also detail what an accountable plan is and withholding and reporting requirements for fringe benefits. Continuing education credits will also be offered for attendance of the session.

Here are more details on how to sign up for the webinar and what topics will be covered:

Internal Revenue Service Webinar
Taxability of Certain Fringe Benefits for State & Local Governments
Know the Law. Ask the Right Questions. Get the Facts.
Presented by Small Business/Self-Employed Division and
Federal, State and Local Governments
Date: August 25, 2010
This FREE webinar is for:

• State and Local Government Entities
• Tax professionals

Learn about:

• What is a fringe benefit?
• How to I report taxable fringe benefits?
• What is an accountable plan?
• Which fringe benefits are taxable?
• What are the withholding requirements on taxable fringe benefits?
• What resources are available to determine taxable fringe benefits?

E-MAIL QUESTIONS:

• We will try to address e-mail questions that are sent in prior to the event at the end of our presentation. Send your specific questions to the FSLG Feedback Mailbox.
• All questions must be received prior to August 2, 2010 to be considered.
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 organization’s or state’s CPE requirements.
• To receive credit, you must attend the presentation on August 25. 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.
• *Only August 25, 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.
• 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.

Register on-line at:
REGISTER & ATTEND (Click on the link to register and attend the session)

http://www.visualwebcaster.com/event.asp?id=69748

Information:

• Visit www.IRS.gov and search Webinars for information on other programs available in the future.
• If you experience difficulty viewing the event, please use the e-mail option or call 866-956-4770.
• The event will be archived for later viewing, approximately two weeks after the date of the event, on IRS.gov.

Sponsored by: IRS Small Business/Self Employed, Communications, Liaison and Disclosure, Stakeholder Liaison Field Operation and Federal, State and Local Governments.

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.