{"id":4001,"date":"2010-09-17T09:18:21","date_gmt":"2010-09-17T13:18:21","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=4001"},"modified":"2010-09-17T09:18:21","modified_gmt":"2010-09-17T13:18:21","slug":"question-of-the-week-can-we-still-claim-a-hire-act-credit-for-the-second-quarter","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2010\/09\/question-of-the-week-can-we-still-claim-a-hire-act-credit-for-the-second-quarter\/","title":{"rendered":"Question of the Week: Can We Still Claim a HIRE Act Credit for the Second Quarter?"},"content":{"rendered":"
\r\n\t\"Can<\/a>\r\n\t
Can We Still Claim a HIRE Act Credit for the Second Quarter?<\/div>\r\n<\/div>This week\u2019s question comes from Phil, a small-business owner. We just realized that one of our employees who we hired in April is eligible for the HIRE Act Credit. Can we still claim a HIRE Act credit for the second quarter? Answer: Under the Hiring Incentives to Restore Employment Act (HIRE Act)<\/a>, employers who hire certain unemployed workers are exempt from certain employment taxes. In order to qualify under the HIRE Act<\/a>, the wages must be paid by a qualified employer \u201cwith respect to employment\u201d in the period beginning March 19, 2010 and ending December 31, 2010.<\/p>\n

HIRE Act Credit Still Available for Second Quarter<\/strong><\/p>\n

Employers may still claim the credit for the second quarter by filing Form 941-X, Adjusted Employer’s QUARTERLY Federal Tax Return or Claim for Refund<\/em><\/a>.<\/p>\n

IRS Releases Revised Form 941-X to Claim HIRE Act Credit for Previous Quarters<\/strong><\/p>\n

On September 11, 2010, the Internal Revenue Service (IRS)<\/a> released a revised Form 941-X<\/a> which employers can use to claim the HIRE Act credit for previous quarters. The new form adds lines 11a-11c to adjust for the credit. The new lines are for the following:<\/p>\n