[OSSSA218] Fwd: IRS Event Updates and Headliners

Mon Jun 14 09:11:53 PDT 2010

Good morning again,

I'd like to point out a couple of area's of interest in KayDel e-mail you may want to take advantage of. Your organization may already be using E-Verify or you may be considering it. Here's an opportunity to learn more about E-Verify.

Also, there are many of you who have had questions concerning the HIRE Act. Here's an opportunity to learn more.

Free Seminar to Learn How to Use the E-Verify System on July 7 from 1:00 p.m. to 3:00 p.m. at the Portland Field Office of the U.S. Citizenship and Immigration Services, 511 NW Broadway, Portland, Oregon 97209.  It will be held in the second floor conference room 117.  For information, contact Ed Sale at 503-326-2807 or email ed.sale at dhs.gov.

Free IRS Webinar - Hiring Incentives to Restore Employment (HIRE) Act   
http://www.visualwebcaster.com/IRS/69705/reg.asp?id=69705
July 8, 2010
11:00 am - noon, Pacific Time
§         The HIRE payroll tax exemption and retention income tax credit  
§         Who qualifies as an eligible individual for each benefit? 
§         What businesses may claim each benefit 
§         How businesses can claim the HIRE benefits
Click here to register.

Karen Park

Oregon State Social Security Coordinator
Oregon PERS
503 603-7633
karen.park at state.or.us

SL2

Please note my office hours are Monday thru Thursday 6 am to 4:30 pm

CONFIDENTIALITY NOTE: All information in this email, including attachments, is approved solely for delivery to and authorized use by intended recipients. Use, dissemination, distribution, or reproduction of this message and/or any of its attachments by unintended recipients is not authorized and may be unlawful. If  you are not an intended recipient of this message or an authorized assistant to an intended recipient, please notify the sender by replying to this message and then delete it from your system. 

>>> "Marshall KayDel D" <KayDel.Marshall at irs.gov> 6/10/2010 4:22 PM >>>

Dear Business Organization:

Here are the latest IRS News Releases and Headliners to distribute to your small business members.  I hope that the information will be helpful and we encourage publication in your association's magazines, newsletters, email distributions and/or website.  

Below are summaries and links to the most recent headliners and news releases your members might be interested in.  The title and summary are designed to give you a brief overview of the article's content -- the link to the full article is at the end of each summary. I encourage you to use any or all of these in newsletters or emails to your members, or on your web site.  

If someone else in your organization is a more appropriate contact point for these types of emails, please let me know.  And if you do not want to receive future emails like this one, please reply and request your name be removed.

KayDel,
KayDel Marshall 
Senior Stakeholder Liaison
Small Business & Self-Employed C/L/D
1220 S.W. 3rd Avenue, Mail Stop O-185 
Portland, Oregon 97204 
503-326-5240 Phone 
503-326-5957 Fax 
E-Mail: KayDel.Marshall at irs.gov 
ID #1000843166

Announcements & Upcoming Events:

FREE Gresham Small Business Fair is scheduled for June 16, 2010 at Mt. Hood Community College.  Please let Gerri Raisanen at the SBDC know if you are interested in being an exhibitor by calling 503-491-7658 or email Gerri at Gerri.Raisanen at mhcc.edu asap.  The Program is as follows:
Registration and Networking - 7:30 - 8 :00 a.m.
Welcome Message from Mayor Shane Bemis - 8:00 - 8:15 a.m.
Panel: How to Open and Run your Business - 8:15 - 9:30 a.m.
Business Resource Fair - 9:30 - 11:30 a.m.
Business Plan Workshop - 10:00 -11:00 a.m.
Marketing Seminar: Seven Steps for Promoting & Growing your Business - 11:30 a.m. -12:30 p.m
2010 Employment & Business Fair is scheduled for June 29, 2010, from 1:30 p.m. - 5:00 p.m. at the Hilton Hotel Grand Ballroom, 921 SW Sixth Avenue, Portland, Oregon 97204 and is FREE to the Public.  Sponsored by The Hispanic Metropolitan Chamber of Commerce, the Portland Development Commission, Oregon Department of Transportation, and Worksource Portland Metro.  Share information about employment and contracting opportunities with a large number of participants at this 8th Annual Fair.  For exhibitor information, call 222-0280.   
Free Seminar to Learn How to Use the E-Verify System on July 7 from 1:00 p.m. to 3:00 p.m. at the Portland Field Office of the U.S. Citizenship and Immigration Services, 511 NW Broadway, Portland, Oregon 97209.  It will be held in the second floor conference room 117.  For information, contact Ed Sale at 503-326-2807 or email ed.sale at dhs.gov.

Free IRS Webinar - Hiring Incentives to Restore Employment (HIRE) Act   
http://www.visualwebcaster.com/IRS/69705/reg.asp?id=69705
July 8, 2010
11:00 am – noon, Pacific Time
§         The HIRE payroll tax exemption and retention income tax credit  
§         Who qualifies as an eligible individual for each benefit? 
§         What businesses may claim each benefit 
§         How businesses can claim the HIRE benefits
Click here to register.

NFIB Offers Employment Law Workshops in Seattle, Spokane & Portland
http://www.nfib.com/tabid/598/Default.aspx?cmsid=51617
Small business owners by nature are extremely busy people and cannot be expected to know all they should about employment laws. That’s why NFIB is offering one-day workshops in Seattle, Spokane & Portland on knowing the very latest information that can help prevent a lawsuit. Each workshop will be led by Elizabeth Milito, senior executive counsel for the NFIB Small Business Legal Center. Six CE-CPE credits will be available and SHRM credits available. 
Cost: NFIB members - $129 per person; $149 for non-members.  The price includes all workbooks, materials, and lunch.

Seattle
Tuesday, July 13 - 8:30 a.m. to 4:30 p.m.
Radisson Gateway Airport Hotel - 18188 International Blvd.

Spokane
Wednesday, July 14 - 8:30 a.m. to 4:30 p.m.
Wingate by Wyndam Airport - 2726 South Flint Road

Portland
Thursday, July 15th - 8:30 a.m. to 4:30 p.m.
Sheraton Portland Airport Hotel - 8235 NE Airport Way

Learn about proper interview questions, employer-employee relationships, non-compete agreements, wage and hour problem areas, drug and alcohol do’s and don’ts, background checks, unlawful discrimination, harassment, invasion of employees’ privacy, wrongful terminations, unemployment claims and workers’ comp. 

Pre-registration required!
For a faxable registration form, please call or e-mail Member Support Manager Stacy Jenkins at 1-866-307-2846, stacy.jenkins at nfib.org. 

The Oregon Small Business Forum  is scheduled for August 24, 2010 from 8:00 a.m. to Noon and is hosted by the Oregon Association of Minority Entrepreneurs at 4134 N. Vancouver, Portland, Oregon.  This is a FREE event for organizations that serve small business sponsored by SSA, SBA, and IRS.  The Focus Area Topic is "Getting Business Financing" .   As always, there will be an informal roundtable discussion of what services and products are available from different organizations present to enhance the success of small business in Oregon. 

The Oregon Small Business Fair  is scheduled for Saturday, September 11, 2010, from 8:45 a.m. to 5:00 p.m. at the Oregon Convention Center, 777 NE Martin Luther King Jr. Blvd., Portland, Oregon.  For exhibitor or other information, contact Linda.E.Repp at state.or.us.   NOTE:  The entire brochure with a complete listing of known exhibitors and all the free seminars during the day can now be accessed at:  http://www.portlandonline.com/smallbusinessfair/index.cfm?c=42393

The Rogue Valley Business Resource Fair has been scheduled for Saturday, October 2, 2010 from 9:00 a.m. to 2:00 p.m. at  RCC/SOU Higher Education Center, Medford, Oregon.  For exhibitor or other information, contact ainoura.oussenbec at state.or.us.  This is the eighth annual Rogue Valley Business Resource Fair, a FREE information event for small business owners and those thinking about becoming entrepreneurs. This is a special opportunity to get free consultations and attend seminars on topics critical to small businesses. Information booths will be staffed by representatives from banking, insurance and government as well as local trade organizations. Lots of seminars are offered on various topics, from Minimizing your taxes to Getting money for your business to Doing business on the Internet. For seminar information check the seminar schedule at the left.  Everything the business owner will need to know to start or grow their business.  The known exhibitor information and free seminar schedule can be accessed at:  http://www.businessresourcefair.org/Page.asp?NavID=2

Mercy Corps Northwest Planned Classes (Call 503-896-5080 for Class Information): 
Help Get Your Business Plan Written -  June 15
100 Ways to Promote Your Business – June 16 (6-9pm)  
Social Media Marketing – June 23 (6-9pm)
Website Search Engine Optimization July 13 (6-9pm)
Successful Selling July 20 (6-7:30pm)
Social Media Marketing August 3 (6-9pm)
Top 15 Legal Risks of Business August 26 (6-9pm)  
Oregon Small Business Development Centers - Workshops 
Visit the Oregon Small Business Development Center website to see what workshops are coming up in your area. The SBDCs offer seminars and workshops in many areas around the state.  Pre-registration is required.   Start by checking here:  http://www.bizcenter.org/ 

SBA and Google Launch "Tools for Online Success" Partnership   http://www.google.com/help/places/partners/sba/index.html
U.S. Small Business Administration (SBA) and Google announced a new partnership and unveiled "Tools for Online Success," an array of online resources and training designed to help small business owners harness technology to grow their businesses. The site features tutorials, video testimonials, and tips from savvy small business people who have leveraged the web to become more efficient, more cost-effective, and more successful.

Other SBA Resources:    Winning Federal Contracts:  http://www.sba.gov/fedcontractingtraining/  AND The Small Business Training Network, which is a virtual campus offering online courses, publications, and other forms of technical assistance.  Courses are self-paced and take about 30 minutes to complete.  A brief online registeration is required.
http://www.sba.gov/training/index.html

IRS Updates & News Releases:

Recent Legislation Offers Special Tax Incentives for Small Businesses to Provide Health Care, Hire New Workers 
http://www.irs.gov/irs/article/0,,id=223909,00.html
The Internal Revenue Service encourages small businesses to take advantage of tax-saving opportunities included in recently enacted federal legislation. A variety of business tax deductions and credits were created, extended and expanded by the American Recovery and Reinvestment Act of 2009 (ARRA), this year’s Hiring Incentives to Restore Employment (HIRE) Act and the Affordable Care Act. Because some of these changes are only available this year, eligible businesses only have a few months to take action and save on their taxes. See the full article for a rundown of some of the key provisions.

IRS Offers Details on New Small Business Health Care Tax Credit
http://www.irs.gov/newsroom/article/0,,id=223577,00.html
The Internal Revenue Service today issued new guidance to make it easier for small businesses to determine whether they are eligible for the new health care tax credit under the Affordable Care Act and how large a credit they will receive. The guidance makes clear that small businesses receiving state health care tax credits may still qualify for the full federal tax credit. Additionally, the guidance allows small businesses to receive the credit not only for regular health insurance but also for add-on dental and vision coverage.
Notice 2010-44 provides detailed guidelines, illustrated by more than a dozen examples, to help small employers determine whether they qualify for the credit and estimate the amount of the credit. The notice also requests public comment on issues that should be addressed in future guidance.

Included in the Affordable Care Act approved by Congress in March and signed into law by the President, the small business health care tax credit, which is in effect this year, is designed to encourage small employers to offer health insurance coverage for the first time or maintain coverage they already have.

In general, the credit is available to small employers that pay at least half the cost of single coverage for their employees in 2010. The credit is specifically targeted to help small businesses and tax-exempt organizations that primarily employ moderate- and lower-income workers.

More information about the credit, including a step-by-step guide and answers to frequently asked questions, is available on the Affordable Care Act page.

Form to Claim Payroll Tax Exemption for Hiring New Workers Now Available
http://www.irs.gov/newsroom/article/0,,id=223606,00.html
The Internal Revenue Service has issued the newly revised payroll tax form that most eligible employers can use to claim the special payroll tax exemption that applies to many new workers hired during 2010.  Designed to encourage employers to hire and retain new workers, the payroll tax exemption and the related new hire retention credit were created by the Hiring Incentives to Restore Employment (HIRE) Act signed by President Obama on March 18.  Employers who hire unemployed workers this year (after Feb. 3, 2010, and before Jan. 1, 2011) may qualify for a 6.2-percent payroll tax incentive, in effect exempting them from the employer’s share of Social Security tax on wages paid to these workers after March 18. This reduction will have no effect on the employee’s future Social Security benefits. The employee’s 6.2 percent share of Social Security tax and the employer and employee’s shares of Medicare tax still apply to all wages.

In addition, for each qualified employee retained for at least a year whose wages did not significantly decrease in the second half of the year, businesses may claim a new hire retention credit of up to $1,000 per worker on their income tax return. Further details on both the tax credit and the payroll tax exemption can be found in a recently-expanded list of answers to frequently-asked questions about the new law now.  Form 941, Employer’s QUARTERLY Federal Tax Return, revised for use beginning with the second calendar quarter of 2010, will be filed by most employers claiming the payroll tax exemption for wages paid to qualified employees. The HIRE Act does not allow employers to claim the exemption for wages paid in the first quarter but provides for a credit in the second quarter. The instructions for the new Form 941 explain how this credit for wages paid from March 19 through March 31 can be claimed on the second quarter return.

IRS Accepting Applications for Low Income Taxpayer Clinic Grants
http://www.irs.gov/newsroom/article/0,,id=224069,00.html
The Internal Revenue Service has announced the opening of the 2011 Low Income Taxpayer Clinic (LITC) grant application process. Applications must be submitted no later than July 16, 2010.  The LITC grant program is a federal program administered by the Office of the Taxpayer Advocate at the IRS. The LITC program serves individuals who have problems with the IRS and whose incomes do not exceed 250 percent of the Federal Poverty Guidelines. The LITC program also provides outreach and education to taxpayers who speak English as a second language (ESL). LITCs are independent from the IRS. Most LITCs can provide representation before the IRS or in court on audits, tax collection disputes and other issues for free or for a nominal fee. Many clinics provide multilingual information about taxpayer rights and responsibilities.  Under the LITC grant program, the IRS awards matching grants of up to $100,000 per year to qualifying organizations to develop, expand or maintain low income taxpayer clinics. 

Recent Articles from e-News for Small Businesses
Income from fishing
The Fishing Tax Center provides links to the most common topics in the fishing industry including recordkeeping guidelines for fishermen.

Applying for an EIN requires identification of responsible party
All applications for an Employer Identification Number must clearly identify the applicant’s true owner. 
New Headliner Volume 297 provides a detailed explanation of who is considered a responsible party when applying for an EIN. 

Should you be making estimated tax payments?
Taxpayers with income that is not subject to withholding may have to make estimated tax payments four times a year.  
You generally have to make estimated tax payments if you expect to owe tax, including self-employment tax, of $1,000 or more when you file your return. 

Therapeutic Discovery Project Program
This new program created by the Affordable Care Act will provide tax credits and grants to small firms that show significant potential to produce new and cost-saving therapies, support jobs and increase U.S. competitiveness. Companies may submit applications for certification June 21-July 21. 
Related links: 
Affordable Care Act Tax Provisions  
Notice 2010-45   
Learn How IRS Audits All Kinds of Cash Intensive Businesses:  http://www.irs.gov/businesses/small/article/0,,id=211049,00.html

IRC Section 179 increase extended
A qualifying taxpayer can choose to treat the cost of certain property as an expense instead of depreciating it over several years. 
Recent legislation extends the dates for expensing depreciable business assets. 
IR-2010-65 Interest Rates Remain the Same for the Third Quarter of 2010

Tax relief in disaster situations
With the severe storms and flooding this spring some victims may qualify for tax relief that includes postponed filing dates and penalty waivers. 

Good planning can help small businesses recover from a disaster  Audio presentations offer tips to stay in business after a major disaster: 
Continuity Planning and Other Tips to Stay in Business after a Major Disaster  
Insurance Coverage and Other Emergency Planning Tips to Help Your Business Survive a Major Disaster 
Recordkeeping and Reconstructing Business Records to Help Your Business Survive a Major Disaster  

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