WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: Can I Still Get a WOTC Tax Credit if my Employee Only Worked for Two Weeks?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I Still Get a WOTC Tax Credit if my Employee Only Worked for Two Weeks? CMS Responds: Can I still get tax credits if my employee only works two weeks? It doesn’t really matter how many weeks somebody[…]

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WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: Are Salaried/Exempt Employees Eligible for WOTC?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are Salaried/Exempt Employees Eligible for WOTC? CMS Responds: One of the questions we get is “Are Salaried/Exempt Employees Eligible for the WOTC program?” The answer is absolutely yes! So it doesn’t matter if they’re exempt or non-exempt, if they[…]

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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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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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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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