IRS Issues Transition Relief for Two WOTC Target Groups

Work Opportunity Tax Credit (WOTC) Transition Relief under Internal Revenue Code § 51

The IRS issued guidance this week providing additional transition relief to employers participating in the work opportunity tax credit program. Notice 2021-43 (PDF) provides transition relief for employers that hire or hired certain individuals residing in empowerment zones and who begin work on or after January 1, 2021, and before the date that is 60 days from the[…]