IRS Issues Transition Relief for Two WOTC Target Groups

Work Opportunity Tax Credit (WOTC) Transition Relief under Internal Revenue Code § 51

The IRS issued guidance this week providing additional transition relief to employers participating in the work opportunity tax credit program. Notice 2021-43 (PDF) provides transition relief for employers that hire or hired certain individuals residing in empowerment zones and who begin work on or after January 1, 2021, and before the date that is 60 days from the[…]

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IRS Extends Transition Relief for Work Opportunity Tax Credit

Excellent news for Work Opportunity Tax Credit customers. The IRS has issued a notice offering additional transition relief for employers claiming the Work Opportunity Tax Credit. Notice 2016-40 provides additional transition relief for employers claiming the WOTC under Sections 51 and 3111(e) of the Tax Code as extended and amended by the Protecting Americans from[…]