WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: Is It Better to Use Paper or Go Online For WOTC Forms?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question:  Is It Better to Use Paper or Go Online For WOTC Forms? CMS Responds: “Is It Better to Use Paper or Go Online with the WOTC Forms?” Well, it’s 100%, use the web portal, go online, use the WOTC[…]

Share Button
WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: Do Companies Get a WOTC Tax Break for Hiring Disabled Individuals?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question:  Do Companies Get a WOTC Tax Break for Hiring Disabled Individuals? CMS Responds: Question we get is “Do companies get a tax credit, or tax break for hiring disabled individuals?” And the answer is absolutely. That’s one of the[…]

Share Button
WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: Are Rehires Eligible for WOTC Tax Credits?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question:  Are Rehires Eligible for WOTC Tax Credits? 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 under that[…]

Share Button
Significant Increase to the Work Opportunity Tax Credit Proposed

Significant Increase to the Work Opportunity Tax Credit Proposed

The Journal of Accountancy recently reported that the Work Opportunity Tax Credit could receive a significant expansion via the the budget reconciliation bill known as the “Build America Back Better” Act which is currently in the Ways and Means Committee. The act proposes an adjustment to the Work Opportunity Tax Credit during the “Covid-19 Recovery[…]

Share Button
Work Opportunity Tax Credit - WOTC - Webinar

Work Opportunity Tax Credit (WOTC) Webinar Schedule

Join our WOTC subject matter expert Brian Kelly this month to learn about the Work Opportunity Tax Credit (WOTC), how much employers can save when they hire, why the 28-day rule is so important to employers, and why there has never been a better time to take advantage of the Work Opportunity Tax Credit! Learn about what’s upcoming and[…]

Share Button
WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: If We Hire Temps Can We Claim WOTC?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question:  If We Hire Temps Can We Claim WOTC? CMS Responds: We have a WOTC Question that is regarding the temporary agencies. “If we hire temporary employees for 90 days can we claim the WOTC on those 90 days or[…]

Share Button
IRS Encourages Employers to Take Advantage of the Work Opportunity Tax Credit

IRS Encourages Employers to Take Advantage of Work Opportunity Tax Credit

In a September 14th news release the Internal Revenue Service reminds employers to check out a valuable tax credit available to them for hiring long-term unemployment recipients and other groups of workers facing significant barriers to employment. The IRS is highlighting tax benefits and resources designed to help new and existing businesses. For any business[…]

Share Button
WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: On What Tax Form is the WOTC Tax Credit Taken?

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[…]

Share Button
WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: What is the Start Date for WOTC?

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[…]

Share Button
WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: What is the WOTC Tax Credit Amount for a Long Term Unemployment Recipient?

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[…]

Share Button