IRS updated FAQ on the HIRE Act
by Tedhttp://www.irs.gov/businesses/small/article/0,,id=220746,00.html QR8: How does application of the payroll tax exemption to wages paid to restaurant employees affect the 45B credit? A-QR8: Certain food and beverage establishments can claim a credit under section 45B of the Internal Revenue Code for social security and Medicare taxes paid or incurred by the employer on certain employee tips, referred to […]