WOTC FAQ

WOTC Questions: What is the best method or protocol for asking these new hires these sensitive questions and to get them to participate?

What is the best method or protocol for asking these new hires these sensitive questions and to get them to participate? At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website. This week’s question came from an employee! CMS Says: You can[…]

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WOTC FAQ

WOTC Questions: What is the turn around time on the WOTC Cert. for a specific employee?

What is the turn around time on the WOTC Cert. for a specific employee? At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website. This week’s question came from an employee! CMS Says: This really depends different factors: the state you are in,[…]

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WOTC FAQ

WOTC Questions: Can your service be used in conjunction with an employee onboarding/HR service?

Can your service be used in conjunction with an employee onboarding/HR service? At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website. This week’s question came from an employee! CMS Says: Definitely. Whether you use our iRecruit product for recruiting and onboarding,[…]

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WOTC FAQ

WOTC Questions: As a landscaper, my business is mostly seasonal, can I get credit for the employees who are returning?

As a landscaper, my business is mostly seasonal, can I get credit for the employees who are returning from previous seasons? At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website. This week’s question came from an employee! CMS Says: Actually not[…]

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WOTC FAQ

WOTC Questions: Ex-felon maximum credit is $2,400. Is this for regardless of how many ex-felons I hire?

Ex-felon maximum credit is $2,400. Is this for regardless of how many ex-felons I hire? At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website. This week’s question came from an employee! CMS Says: Yes! As long as the qualified employee works[…]

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WOTC FAQ

WOTC Questions: How are the Tax Credits Calculated?

How are the WOTC Tax Credits Calculated? At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website. CMS Says: The Work Opportunity Tax Credit is equal to 25% or 40% of a new employee’s first-year wages, up to the maximum for the target[…]

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WOTC Questions FAQ

WOTC Questions: How long must records be retained?

How long must records be retained for WOTC? At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website. CMS Says: Records for the Work Opportunity Tax Credit must be kept on file (paper or digital) for a minimum of three years from[…]

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WOTC FAQ

WOTC Questions: Which employees are eligible?

How do I know which employees are eligible? At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website. CMS Says: There are nine target groups of employees who are eligible: Veterans TANF Recipients SNAP (Food Stamp) Recipients Designated Community Residents (living in[…]

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WOTC FAQ

WOTC Questions: How long does the employee have to work to get the full credit of $2,400?

How long does the employee have to work to get the full credit of $2,400? At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website. CMS Says: In order for you to reach the maximum credit of $2,400, the employee must work[…]

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WOTC FAQ

WOTC Questions: Can I Hire an Unemployed Family Member and Receive Credit?

Can I Hire an Unemployed Family Member and Receive Credit? I hired a family member who was unemployed for over 27 weeks, can I claim the WOTC credit? At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website. CMS Says: No, unfortunately family[…]

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