CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: On What Tax Form is the WOTC Tax Credit Taken? CMS Responds: One of the great questions that we get is “What Tax Form is the WOTC Tax Credit Taken?” It’s going to be on the IRS 5584 form[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What is the Start Date for WOTC? CMS Responds: What is considered start date? Well it’s pretty straightforward, it’s actually the day they (the new employee) started work. Not the day they were interviewed, not the date you offered[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What is the WOTC Tax Credit Amount for a Long Term Unemployment Recipient? CMS Responds: So first of all, under long term unemployment recipients – they have to be unemployed for over 26 weeks, and the amount will be[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How Long Must an Eligible Employee Work to Claim WOTC? CMS Responds: How long must an eligible employee work before a company can claim a WOTC tax credit? Pretty straightforward, it follows the WOTC guidelines of, first of all[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Does Your Software Program Allow for Checking WOTC Application Status? CMS Responds: Does Your Software Program Allow for Checking WOTC Application Status? Absolutely, so with CMS’s services you’re going to get an administration portal so you can see how[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are We Eligible for Employees Who Receive SNAP Benefits While Working? CMS Responds: Are We (WOTC) Eligible for Employees Who Receive SNAP Benefits While Working or only if they go off? The answer is actually both, you can get[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: When Is The Best Time To Give the WOTC Survey To The Applicant? CMS Responds: One of the questions we get is “When Is The Best Time To Give the WOTC Survey To The Applicant?” Actually, when they are[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is it Worth it to do the Work Opportunity Tax Credit? CMS Responds: Is it Worth it for Employers to do the Work Opportunity Tax Credits? I look at it as absolutely! We know statistically over the last 20[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is There a Best Practice to Making Sure Employees Participate in WOTC Screening? CMS Responds: Is There a “Best Practice” to Making Sure all Employees Participate? Well we can’t force people to fill out the WOTC forms, but we[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I Switch to an Online WOTC Process from Paper? CMS Responds: One of the WOTC questions we get is “Can I switch to an online form than using paper forms, our office wants to go paperless?” And the[…]