July 05, 2024

July 8 Webinar: Hiring Incentives to Restore Employment Act

A free July 8 webinar will provide information on the HIRE Act payroll tax exemption and retention income tax credit for employers who hire previously unemployed workers.

Excise tax on indoor tanning services

A 10-percent excise tax on indoor UV tanning services goes into effect July 1.

Related links:

• IR-2010-73, IRS Issues Regulations on 10-Percent Tax on Tanning Services Effective July 1
• Frequently asked questions 
• Regulations 

Biotech Tax Credit application form available

Use Form 8942 to apply for certification for tax credits or grants available under the Qualifying Therapeutic Discovery Project Program, created by the Affordable Care Act. 

Applications must be postmarked no later than July 21.

Related links:

• IR-2010-76, IRS Begins Accepting Applications for Qualifying Therapeutic Discovery Project Program
• Form 8942 Instructions 

Miss an IRS Live webinar?

Archived IRS Live webinars , including the March 2010 program Tips on Tip Reporting - Filing Form 8027, Employer�s Annual Information Return of Tip Income and Allocated Tip, are now available.

Recent IRS announcements

• IR-2010-77, Deadlines Extended for Certain Retirement Plans in Eight States
• IR-2010-74  Affordable Care Act Provides Expanded Tax Benefit to Health Professionals Working in Underserved Areas

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