The IRS has noted errors on payroll tax returns claiming Hiring Incentives to Restore Employment (HIRE) Act benefits.
Recently filed quarterly returns, for example, show that filers incorrectly entered dollar amounts in spaces where they should have indicated the number of qualified employees for the new-hire retention tax credit and the payroll tax exemption.
In addition, there were errors in arithmetic and transpositions on the employer identification number.
If the IRS cannot correct the errors on the tax return or clarify the errors by contacting the filer, it will process the return without taking the HIRE payroll tax exemption into consideration.
