WOTC FAQ

WOTC Questions: Can I retroactively file for my employees since I am just finding out about this 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: CMS Says: Unfortunately no. Even though you are just finding out about WOTC, you can only claim on new hires. The 28 Day rule is a hard and fast rule. There[…]

WOTC FAQ

WOTC Questions: What is a conditional certification and how do I know if I have one?

How to answer the question Check here if you received a conditional certification from the state workforce agency (SWA) or a participating local agency for the work opportunity 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: CMS[…]

WOTC FAQ

WOTC Questions: If I have an employee who might qualify for more than one target group, can I double up on credits?

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: CMS Says: This is a great question, and it is so frequent for applicants to say they are qualified for more than one category when they are filling out the WOTC[…]

WOTC FAQ

The Work Opportunity Tax Credit’s Most Frequently Asked Questions

The Work Opportunity Tax Credit’s Most Frequently Asked Questions from Cost Management Services   About CMS – Tax Credit Services In our 21+ years of performing WOTC Screening and Administration we’ve saved millions for our customers. Contact CMS today to start taking advantage. Call 800-517-9099, or click here to use our contact form to ask any questions.

WOTC FAQ

WOTC Questions: Can I claim the WOTC for myself if I form my own company?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website: CMS Says: That’s a good question. Even if you qualified as a new hire under one of the target groups, you would not be able to claim yourself as an employee using the[…]

WOTC FAQ

WOTC Questions: Do you have online application 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: CMS Says: Absolutely. Our online WOTC application makes it super-easy for new hires to complete on the go, whether they’re at a desktop, tablet or phone. It’s secure, and as an added bonus,[…]

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: CMS Says: Believe it or not, there is no size restriction on the employer. You could be a small business with less than 25 employees, or a mega-employer with hundreds of thousands of[…]

WOTC FAQ

WOTC Questions: Long-Term Unemployment Recipient, what is the maximum 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: CMS Says: If they worked at least 120 hours, but less than 400: Up to $1,500 (25% of $6,000 of first-year wages) If they worked at least 400 hours: Up to $2,400 (40% of[…]

WOTC FAQ

WOTC Questions: It looks like salaried/exempt employees are eligible 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: CMS Says: Yes, all new hires are potentially eligible. It does not matter what type of employee they are, salaried or exempt, full-time or part-time, or even level of employee. New hires[…]

WOTC FAQ

WOTC Questions: I applied for a job and I don’t understand what is WOTC?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website: CMS Says: Hello, “WOTC” is a tax credit that is available to employers. You might have seen the WOTC forms as part of an employment application, or more likely, part of the new[…]