WOTC FAQ

WOTC Questions: Does “DV” stand for Domestic Violence, and if so, is this a recipient group?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: I am receiving data from the Department of Labor website regarding recipient groups for the WOTC. Does “DV” stand for Domestic Violence, and if so,[…]

WOTC FAQ

WOTC Questions: How long does it take for the IRS to approve the WOTC Tax Credit?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: How long does it take for the IRS to approve the WOTC Tax Credit? CMS Says: It depends on which state you are in, and[…]

WOTC FAQ

WOTC Questions: I don’t know how to determine the answer on form 8850; Target Group 4 OR 6?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: I don’t know how to determine the answer on form 8850; Target Group 4 OR 6? CMS Says: Refer to instructions on the IRS Form[…]

WOTC FAQ

WOTC Question: I have been in my payroll position since April 2019. In the process of organizing, I found a stack of WOTC’s and Form 8850’s dated June through August 2016. Do I need to retain these?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: I have been in my payroll position since April 2019. In the process of organizing, I found a stack of WOTC’s and Form 8850’s dated[…]

WOTC FAQ

WOTC Questions: How long does the employee have to stay employed at the company after they are hired?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: How long does the employee have to stay employed at the company after they are hired? CMS Says: In order to be eligible for you[…]

WOTC FAQ

WOTC Questions: What is the maximum number of years that the WOTC credit can be claimed for a SNAP recipient?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: What is the maximum number of years that the WOTC credit can be claimed for a SNAP recipient? CMS Says: The Supplemental Nutrition Assistance Program (SNAP)[…]

WOTC FAQ

WOTC Questions: What is your minimum size employer to be eligible?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: What is your minimum size employer to be eligible? CMS Says: Hello, there is actually no minimum size an employer needs to be in order[…]

WOTC FAQ

WOTC Questions: Does the employee qualify for WOTC for the 50% of the time they work from their home office?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: Does the employee qualify for WOTC for the 50% of the time they work from their home office? CMS Says: Hi, definitely. The qualified employee[…]

WOTC FAQ

WOTC Questions: Is it possible for a business with too high of an income, not qualify for WOTC?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: Is it possible for a business with too high of an income, not qualify for WOTC? CMS Says: To the best of my knowledge, no,[…]

WOTC FAQ

WOTC Questions: Would you have Illinois WOTC statistics available for use in a research project, like this 7/21/17 post about TN?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: Would you have Illinois WOTC statistics available for use in a research project, like this 7/21/17 post about TN? CMS Says: Hello, yes. The latest[…]