{"id":1196,"date":"2009-06-24T23:16:08","date_gmt":"2009-06-25T03:16:08","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=1196"},"modified":"2009-06-24T23:16:08","modified_gmt":"2009-06-25T03:16:08","slug":"tip-of-the-week-act-now-to-receive-cobra-credit-on-second-quarter-form-941","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2009\/06\/tip-of-the-week-act-now-to-receive-cobra-credit-on-second-quarter-form-941\/","title":{"rendered":"Tip of the Week: Act Now To Receive COBRA Credit on Second Quarter Form 941"},"content":{"rendered":"<p class=\"MsoNormal\" style=\"margin: 0in 0in 6pt;\"><span style=\"font-family: Verdana; color: black; font-size: 10pt;\">Pursuant to the American Recovery and Reinvestment Act of 2009 or ARRA, certain involuntarily terminated employees are eligible for employer-provided subsidies to help pay for their Consolidated Omnibus Budget Reconciliation Act (COBRA) continuation coverage. Employers may then claim a payroll tax credit on their <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/f941.pdf\" target=\"_blank\"><span style=\"color: purple; mso-bidi-font-size: 12.0pt;\"><span style=\"color: purple; mso-bidi-font-size: 12.0pt;\">Form 941<\/span><\/span>, Employer\u2019s QUARTERLY Federal Tax Return<\/a>, to be reimbursed for the assistance provided.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 6pt;\"><span style=\"font-family: Verdana; color: black; font-size: 10pt;\">As the end of the second quarter nears, employers who are expecting to apply for a refund on their Form 941 should ensure that all amounts eligible for the credit have been reported to Vision Payroll so that we may reflect those amounts on the <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/f941.pdf\" target=\"_blank\">Form 941<\/a>. Amounts reported after the <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/f941.pdf\" target=\"_blank\">Form 941<\/a> has been filed will need to be corrected through the use of <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/f941x.pdf\" target=\"_blank\">Form 941-X, Adjusted Employer\u2019s QUARTERLY Federal Tax Return or Claim for Refund<\/a>. Employers should also ensure that all <a href=\"https:\/\/old.visionpayroll.com\/kb\/2009\/03\/question-of-the-week-what-information-do-we-need-to-keep-to-document-the-cobra-credit\/\" target=\"_blank\">required documentation<\/a> is maintained.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt;\"><span style=\"font-family: Verdana; color: black; font-size: 10pt;\">Contact <a href=\"mailto:info@visionpayroll.com\" target=\"_blank\">Vision Payroll<\/a> if you have any question on the premium reduction credit.<\/span><span style=\"font-family: Verdana; font-size: 10pt;\"><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pursuant to the American Recovery and Reinvestment Act of 2009 or ARRA, certain involuntarily terminated employees are eligible for employer-provided subsidies to help pay for their Consolidated Omnibus Budget Reconciliation Act (COBRA) continuation coverage. Employers may then claim a payroll tax credit on their Form 941, Employer\u2019s QUARTERLY Federal Tax Return, to be reimbursed for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[795,819,545,548,28],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1196"}],"collection":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/comments?post=1196"}],"version-history":[{"count":2,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1196\/revisions"}],"predecessor-version":[{"id":1198,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1196\/revisions\/1198"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=1196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=1196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=1196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}