CMS’s tax credit expert Brian Kelly (pictured) comments on the new The Family and Business Tax Cut Certainty Act of 2012 that includes provisions to extend the Work Opportunity Tax Credit through 2013, and retroactively back to the beginning of 2012:
“CMS has experienced the same process over the last 15 years of wondering if the Senate and Congress are going to pass legislation to continue the Federal Tax Credits (WOTC), for Employers to hire from targeted groups, including Veterans. We anticipate the credits getting renewed and going retroactively back to when they expired 12/31/2011.
Since our start as tax credit professionals, CMS professes to our clients to continue to process based on the 28 day window from employees hire date. Thus making sure we capture not only new tax credits but also any potential tax credits that go retroactively back to expiration date i.e. 12/31/2011.”
CMS helps companies of all sizes save money by taking advantage of the Work Opportunity Tax Credit. Call Brian Kelly at 1-800-517-9099 today to see if it makes sense for you.