Blog Archives

Talk is in the Air

It is possible that the need for another debt ceiling agreement by September will be the external force necessary to overcome Congressional inertia on tax reform and with it the possibility of a permanent extension of the Work Opportunity Tax

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Posted in Federal Tax Credits, Tax Credits, Tax Incentive Programs, Work Opportunity Tax Credits (WOTC)

2 More Webinars – Retroactive WOTC

Maximize the value of the WOTC program now before it is too late! Two upcoming webinars available to learn more about IRS ruling on WOTC retroactivity and how to take advantage of it! Sign up now before it is too

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Posted in Federal Tax Credits, Tax Credits, Tax Incentive Programs, Webinar, Work Opportunity Tax Credits (WOTC)

FREE Webinar – WOTC: What You Need To Know

Maximize the value of the WOTC program now before it is too late! Join us for a Webinar on Friday, March 15 at 1:30PM EDT - Learn about the recent IRS ruling on retroactivity, and what you need to know to

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Posted in Federal Tax Credits, Tax Credits, Tax Incentive Programs, Webinar, Work Opportunity Tax Credits (WOTC)

UPDATE IRS Transition Relief: Full Retroactive WOTC

A short duration opportunity exists to retroactively take advantage of the WOTC Program. Companies may retroactively screen for WOTC qualifiers. Per IRS Notice 2013-14 released Friday, March 8, the 28-day deadline for submitting IRS form 8850 for qualifying employees has

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Posted in Federal Tax Credits, Tax Credits, Tax Incentive Programs, Work Opportunity Tax Credits (WOTC)

IRS Transition Relief: Retroactive Processing Capture for WOTC

A potential opportunity to earn additional tax credits for WOTC qualifiers is available to companies willing to resubmit 8850s for certification. Per IRS Notice 2013-14 released Friday, March 8, the 28-day deadline for submitting IRS form 8850 for qualifying employees

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Posted in Federal Tax Credits, Tax Credits, Tax Incentive Programs, Work Opportunity Tax Credits (WOTC)

WOTC Renewal Included in The American Taxpayer Relief Act of 2012

In an effort to avoid the “fiscal cliff,” Congress has passed The American Taxpayer Relief Act of 2012.  This bill renews the Work Opportunity Tax Credit (WOTC) Program retroactively from January 1, 2012 for the core target groups as well

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Posted in Federal Tax Credits, Tax Credits, Tax Incentive Programs, Work Opportunity Tax Credits (WOTC)

Federal Tax Breaks Proposed For Hurricane Sandy Victims

The Hurricane Sandy and National Disaster Tax Relief Act of 2012 proposed by Senators Charles Schumer (D., NY)  and Robert Menendez (D., NJ) on December 10th, contains a number of Superstorm Sandy specific tax provisions that provide relief to people

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Posted in Federal Tax Credits, State Tax Credits, Tax Credits, Tax Incentive Programs, Work Opportunity Tax Credits (WOTC)

WOTC and Other Tax Extenders Update

On September 13, 2012, the Senate officially considered the motion to proceed to the tax extenders bill, entitled The Family and Business Tax Cut Certainty Act (S3521). S3521 looks to extend many of the popular tax extenders for at least

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Posted in Federal Tax Credits, Tax Credits, Tax Incentive Programs, Work Opportunity Tax Credits (WOTC)

With Bipartisan Agreement, Senate Panel Passes Tax Bill

On Wednesday, August 1st, Chairman of the Senate Finance Committee Max Baucus (D-Montana) and Senator Orin Hatch (R-Utah) announced a bipartisan agreement on the tax extenders bill, now labeled the Family and Business Tax Cut Certainty Act. Although this Senate

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Posted in Federal Tax Credits, State Tax Credits, Tax Credits, Tax Incentive Programs, Work Opportunity Tax Credits (WOTC)

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