{"id":1253,"date":"2009-07-07T23:17:21","date_gmt":"2009-07-08T03:17:21","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=1253"},"modified":"2009-07-07T23:17:21","modified_gmt":"2009-07-08T03:17:21","slug":"irs-provides-guidance-on-credits-for-employers-using-form-2678-agents","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2009\/07\/irs-provides-guidance-on-credits-for-employers-using-form-2678-agents\/","title":{"rendered":"IRS Provides Guidance on Credits for Employers Using Form 2678 Agents"},"content":{"rendered":"<p class=\"MsoNormal\" style=\"line-height: 14.25pt; margin: 0in 0in 6pt;\"><span style=\"font-family: Verdana; color: black; font-size: 10pt;\">The <a href=\"http:\/\/www.irs.gov\/\" target=\"_blank\"><span style=\"color: purple; mso-bidi-font-size: 12.0pt;\">Internal Revenue Service (IRS)<\/span><\/a> has released <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2009\/04\/n-09-271.pdf\" target=\"_blank\"><span style=\"color: purple; mso-bidi-font-size: 12.0pt;\">Notice 2009-27, <\/span><\/a><\/span><em style=\"mso-bidi-font-style: normal;\"><span style=\"font-family: Verdana; color: black; font-size: 10pt; mso-bidi-font-size: 12.0pt;\"><a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2009\/04\/n-09-271.pdf\" target=\"_blank\"><span style=\"color: purple;\">Premium assistance for COBRA benefits<\/span><\/a><\/span><\/em><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;\">Form 941<\/span><\/a> to be reimbursed for the assistance provided.<\/span><span style=\"color: black;\"><\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 14.25pt; margin: 0in 0in 0pt;\"><span style=\"font-family: Verdana; color: black; font-size: 10pt;\">In recently issued guidance, the <a href=\"http:\/\/www.irs.gov\/\" target=\"_blank\"><span style=\"color: purple; mso-bidi-font-size: 12.0pt;\">IRS<\/span><\/a> provided information for an employer who has elected to file <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/f2678.pdf\" target=\"_blank\">Form 2678, Employer\/Payer Appointment of Agent<\/a>. In such situations, the employer does not file <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/f941.pdf\" target=\"_blank\">Form 941<\/a>; the agent files <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/f941.pdf\" target=\"_blank\">Form 941<\/a> using its own employer identification number. If the employer is entitled to claim a credit, the agent should claim the credit on its <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/f941.pdf\" target=\"_blank\">Form 941<\/a> and reduce the amount of taxes paid on behalf of the employer. The employer should not file a zero <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/f941.pdf\" target=\"_blank\">Form 941<\/a> showing only the credit as a refundable amount. Contact <a href=\"mailto:info@visionpayroll.com\" target=\"_blank\"><span style=\"color: purple; mso-bidi-font-size: 12.0pt;\">Vision Payroll<\/span><\/a> if you have any questions on the COBRA premium reduction credit.<\/span><span style=\"color: black;\"><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Internal Revenue Service (IRS) has released Notice 2009-27, Premium assistance for COBRA benefits. 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 [&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":[795,819,545,548,966,528,321,842],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1253"}],"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=1253"}],"version-history":[{"count":3,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1253\/revisions"}],"predecessor-version":[{"id":1268,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1253\/revisions\/1268"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=1253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=1253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=1253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}