On March 18, 2010, President Obama signed into law H.R. 2847, the
Incentives to Restore Employment Act (HIRE). HIRE targets job creation
providing tax incentives, such as business credits to companies for
employees. The offset...
New Reporting Requirements, Penalties for Foreign Financial Institutions, Account Holders
H.R. 2847, the Hiring Incentives to Restore Employment (HIRE) Act, signed into law on March 18th, mandates 30 percent tax withholding on payments to foreign financial...
Hiring Incentives to Restore Employment Act ("HIRE" Act) tax provisions include a payroll tax holiday for employees hired in 2010, along with an employer tax credit if those employees are retained for a year. HIRE also increases business assets...
H.R. 2847, the Hiring Incentives to Restore Employment Act
(HIRE), was signed into law on March 18. This law contains provisions
previously included in proposed legislation in the Foreign Account Tax
Compliance Act of 2009 (H.R. 3933, S. 1934), known...