CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Does the employee still qualify for WOTC when they work remotely? CMS Responds: It doesn’t matter where they work, it really comes under how long they work, and how much they receive as earnings if they’re qualified. Qualified candidates[…]
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 the Long-Term Unemployment Recipient? CMS Responds: So first of all, under long-term unemployment recipient, they have to be unemployed for over 26 weeks. The amount will be determined based on how[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I Get a WOTC Tax Credit for Hiring Former Employees? CMS Responds: Can I get a tax credit for hiring former employees? The answer is no. The WOTC Tax Credit is designed to bring new employees back into the[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is There a Best Practice to Make Sure All Employees Participate? CMS Responds: “Is There a “Best Practice” to Making Sure all Employees Participate? Well we can’t force people to fill out the WOTC forms, but we can certainly make[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are the Work Opportunity Tax Credit Forms Required? CMS Responds: Is the WOTC Forms (8850 and 9061) required? They’re not a “required” document. It is a voluntary program that your new hires would participate in, but we certainly can make[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is There a Limit to How Many WOTC Tax Credits I Can Claim? CMS Responds: Is There a Limit to How Many WOTC Tax Credits I Can Claim Each Year? The good news is, is no, there’s no limit. Note[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is there a minimum amount of hours an employee needs to work to be eligible for the Work Opportunity Tax Credit? CMS Responds: One of the questions that we get that’s pretty common is “Is There a Minimum Amount of[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How do I explain to an employee why we are asking if they have received SNAP Benefits? CMS Responds: Sometimes the employee (or the new hire) asks the question “Why are you asking if I’m on SNAP (food stamps)?” Well the[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What are the benefits of Switching to Paperless WOTC Screening? CMS Responds: Actually three or four things. Number one we can state that the employer taking advantage of a federal program to initiate jobs and we need their participation. Also,[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What Are the Reasons WOTC Applications Get 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 that they were eligible for SNAP,[…]