Remember the HIRE Act? Well, it looks like there’s some material slowly starting to trickle out of Washington.
The IRS has released a new form that will help employers claim the special payroll tax exemption that applies to qualified newly-hired workers during 2010.

New Form W-11, Hiring Incentives to Restore Employment (HIRE) Act Employee Affidavit, is now posted on IRS.gov, along with answers to frequently-asked questionsabout the payroll tax exemption and the related new hire retention credit. The new law requires that employers get a statement from each eligible new hire, certifying under penalties of perjury, that he or she was unemployed during the 60 days before beginning work or, alternatively, worked fewer than a total of 40 hours for anyone during the 60-day period. Employers can use Form W-11 to meet this requirement.
For more information on the HIRE Act affidavit and exemption, including a Draft Form 941 revised for employers to use beginning with the second calendar quarter of 2010, please click here.