What is “WOTC” or the Work Opportunity Tax Credit? The Work Opportunity Tax Credit is a federal hiring incentive designed to get individuals from ten target groups back into the workforce. 10-15% of all new hires may be eligible. Please join our WOTC subject matter expert Brian Kelly this month to learn about the Work Opportunity[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are Salaried or Exempt Employees Eligible for the WOTC Program? CMS Responds: Are Salaried/Exempt Employees Eligible for the WOTC Program? The answer is absolutely yes. It doesn’t matter if they’re exempt or non-exempt, if they fall within one of the[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is the “Summer Youth” Category Still Around? CMS Responds: Actually, it is and it actually got reinstated back in 2019. So, if you’re hiring folks in a H.U.D. related area that are between 16 and 18 years of age,[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How Long Must an Eligible Employee Work Before You Receive a WOTC Tax Credit? CMS Responds: How Long Must an Eligible Employee Work Before Your Company Can Claim the Work Opportunity Tax Credit? There’s a couple of thresholds. Number One[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I get a report on how many people were qualified for WOTC? CMS Responds: Absolutely, so you can see how many people surveyed, how many people qualified, how many people are certified by the State (Workforce Agency), and then[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is the “Summer Youth” Category Still Around? CMS Responds: One of our questions is, is the Summer Youth category still around? Actually, it is and it actually got reinstated back in 2019. So, if you’re hiring folks in a[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What IRS Tax Form is the WOTC Tax Credit Claimed On? CMS Responds: What IRS Tax Form is the WOTC Tax Credit Taken? It’s going to be on the IRS 5884 where you claim your tax credit. Then that[…]
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[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Why You Should Use a WOTC Screening Service CMS Responds: Why should I use a WOTC screening service like yours, obviously CMS’s, when I can do it myself? The reason why you’d choose us is because it’s a little[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can We Go Paperless with the Work Opportunity Tax Credit Screening Process? CMS Responds: One of the WOTC questions we get is “Our office wants to go paperless. Can I switch to an online form than using paper forms?”[…]