Congress Passes Spending Bill, Great News for Work Opportunity Tax Credit (WOTC) Customers

WASHINGTON — Congress on Friday morning overwhelmingly gave final approval to a sweeping, year-end fiscal package that includes a $1.15 trillion spending measure as well as $620 billion in tax breaks (including Work Opportunity Tax Credits) for businesses and low-income workers. The bill now goes to the White House, where President Obama has said he[…]

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Senate Approves Tax Extenders through 2016

In a decisive 23-3 vote on July 21, the Senate Finance Committee approved a two-year extension of numerous tax provisions.  The group of over 50 credits and deductions, collectively known as tax extenders, expired on December 31, 2014 and would be extended through the end of 2016 if the bill is  approved by Congress and[…]

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Work Opportunity Tax Credit Status & Reminder

Reminder to CMS customers using the Work Opportunity Tax Credit Administration service. If you are using CMS’s WOTC administration services please continue to have all your new hires complete the WOTC paperwork, either online through your secure portal web link, or via the 1-800 Call Center, or via mail within 28 days of their start[…]

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Senate Extends Tax Credits

CMS is excited to report that the U.S. Senate has passed a $42 billion package of tax incentives. The bill H.R.5771 extends Business Tax Extenders through 2014, including the Work Opportunity Tax Credit #WOTC. CMS’s Brian Kelly tells us “While this means that the credit will expire in two weeks, on December 31st 2014, CMS expects that[…]

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Work Opportunity Tax Credit “WOTC” Renewal Status

Many of our customers have inquired as to the status of the Work Opportunity Tax Credit or WOTC as it is known, as they are aware that it has expired as of December 31st, 2011. To date, the program has not been renewed yet, and customers are wondering if they should continue to send in[…]

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