WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: Can an employer make the WOTC forms required?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can an employer make the WOTC forms required?  CMS Responds: Is the WOTC forms Required? They’re not a required document. It is a voluntary program that new hires would participate in. We can certainly make that a lot[…]

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WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: How Are The WOTC Tax Credits Calculated?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How Are The WOTC Tax Credits Calculated? CMS Responds: Big question is “We get these WOTC Tax Credits, how are they calculated?” There’s actually two benchmarks, the first one is the employee has to work a minimum of 120[…]

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WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: Is WOTC Applicable to Seasonal Employees?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is WOTC Applicable to Seasonal Employees? CMS Responds: Is WOTC Applicable to Seasonal Employees? Well one of the categories under the targeted groups is Summer Youth program. So if we’re hiring people between 16 and 18 years of age[…]

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WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: What are the Reasons WOTC Gets Denied?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What are the Reasons WOTC Gets Denied? CMS Responds: Great question “What are the Reasons for denials of WOTC Certifications?” The biggest ones is that the employee worked for that employer before, or that they checked off a box[…]

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work opportunity tax credit in the news wotc

WOTC In the News: Reintroduction of the Military Spouse Hiring Act

Representative Antonio Delgado (NY-19), along with Reps. Jimmy Panetta (CA-20), Don Beyer (VA-08), Mike Kelly (PA-16), Cathy McMorris Rodgers (WA-05), and Don Bacon (NE-02), have reintroduced the Military Spouse Hiring Act, a bipartisan legislation that incentivizes employers to hire spouses of members of the United States Armed Forces. The bill would expand the Work Opportunity[…]

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WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: What is a Designated Community Resident?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What is a Designated Community Resident? CMS Responds: The Designated Community Resident falls under the HUD guidelines of federal Empowerment Zones and Rural Communities. The tax credit value is up to $2,400 if an employee actually lives in one[…]

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WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: What are the Benefits of Going Paperless with WOTC Screening?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What are the Benefits of Going Paperless with WOTC Screening? CMS Responds: Actually three or four things. Number one we can state that their employer taking advantage of a federal program to initiate jobs and we need their participation.[…]

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Work Opportunity Tax Credit Target Groups Infographic

  About Our WOTC Screening Services Why you should use CMS’s WOTC Tax Screening Service rather than doing it yourself. Get an idea of how much you could be saving by utilizing the Work Opportunity Tax Credit for your company, try our WOTC Calculator. Are you a CPA or tax service provider? Find out how you[…]

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WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: What Happens If My Company Does Not Make Enough Money to Use WOTC Tax Credits This Year?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question:  What Happens If My Company Does Not Make Enough Money to Use WOTC Tax Credits This Year? CMS Responds: In these troubling times we do have people who can’t use a tax credit. They don’t have enough revenue to[…]

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WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: Can I Rehire a Former Employee and Still Receive WOTC Credit?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I Rehire a Former Employee and Still Receive WOTC Credit? CMS Responds: Can I get a tax credit for rehiring former employees? The answer is no. The WOTC Tax Credit is designed to bring new employees back into[…]

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