CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I get a report on how many people were qualified for WOTC? CMS Responds: Absolutely, so you can see how many people surveyed, how many people qualified, how many people are certified by the State (Workforce Agency), and then[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is the “Summer Youth” Category Still Around? CMS Responds: One of our questions is, is the Summer Youth category still around? Actually, it is and it actually got reinstated back in 2019. So, if you’re hiring folks in a[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What IRS Tax Form is the WOTC Tax Credit Claimed On? CMS Responds: What IRS Tax Form is the WOTC Tax Credit Taken? It’s going to be on the IRS 5884 where you claim your tax credit. Then that[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are the Work Opportunity Tax Credit Forms Required? CMS Responds: Is the WOTC Forms (8850 and 9061) required? They’re not a “required” document. It is a voluntary program that your new hires would participate in, but we certainly can[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Why You Should Use a WOTC Screening Service CMS Responds: Why should I use a WOTC screening service like yours, obviously CMS’s, when I can do it myself? The reason why you’d choose us is because it’s a little[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can We Go Paperless with the Work Opportunity Tax Credit Screening Process? CMS Responds: One of the WOTC questions we get is “Our office wants to go paperless. Can I switch to an online form than using paper forms?”[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is WOTC Available for Part Time Employees? CMS Responds: “Question we get is ‘Is WOTC applicable for part-time employees?‘ And the answer is absolutely! It’s all based on the number of hours an employee works. So, as a minimum,[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is there a limit to how many Work Opportunity Tax Credits I can claim each year? CMS Responds: “Is There a Limit to How Many WOTC Tax Credits I Can Claim Each Year? The good news is, is no,[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How Long Does It Take To Receive WOTC Tax Credit Certifications? CMS Responds: “How Long Does It Take To Receive a WOTC Certification? And honestly, this is going to vary by state. There’s some states like Connecticut, which is[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are Rehires Eligible for the Work Opportunity Tax Credit? CMS Responds: “A common question that we get, is ‘What is the definition of a new hire? ‘A new hire is someone who’s worked for you for the first time[…]