To help taxpayers, the Department of Treasury and the Internal Revenue Service announced on April 9th that Notice 2020-23 (PDF) extends additional key tax deadlines for individuals and businesses. Last month, the IRS announced that taxpayers have until July 15, 2020, to file and pay federal income taxes originally due on April 15. No late-filing penalty,[…]
As a leading provider of Work Opportunity Tax Credit (WOTC) administration services, Cost Management Services (CMS) has been diligently watching the renewal status of the Work Opportunity Tax Credit all year long. This week both the House and Senate voted to approve H.R. 1865, Further Consolidated Appropriations Act, 2020, which includes a one-year extension for[…]
Yesterday, the IRS announced that it would extend the time employers have to claim the Work Opportunity Tax Credit (WOTC) for 2014 hires. Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Credit is normally due within 28 days of the employee’s start date. (Notice 2015-13 PDF). Under the extension, employers who hire[…]
On Friday, the IRS released notification that it was extending the time employers who want to claim the work opportunity tax credit (WOTC) have to file Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Credit (Notice 2013-14 PDF). Form 8850 is normally due within 28 days of an employee’s start date. The[…]