CMS Brian Kelly, in Washington DC

IRS Urges Congress to Pass Extenders Act

Now the IRS is pressing Congress to step up and pass the Extenders Act The so-called “tax extenders” represent about 50 expired tax laws which expired at the end of 2013, including the Work Opportunity Tax Credits “WOTC” for businesses. IRS Commissioner John Koskinen admonished Senate Finance Committee chairman Ron Wyden (D-Ore.) and his commission[…]

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IRS Gives Guidance On Veterans Tax Credit

The Internal Revenue Service has provided new guidance and forms that employers can use to claim the newly-expanded tax credit for hiring veterans. The VOW to Hire Heroes Act of 2011, as enacted on November 21, 2011, expands the Work Opportunity Tax Credit (“WOTC”) to businesses hiring eligible unemployed veterans. For the first time the[…]

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