CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are Salaried/Exempt Employees Eligible for WOTC? CMS Responds: One of the questions we get is “Are Salaried/Exempt Employees Eligible for the WOTC program?” The answer is absolutely yes! So it doesn’t matter if they’re exempt or non-exempt, if they[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can an employer make the WOTC forms required? CMS Responds: Is the WOTC forms Required? They’re not a required document. It is a voluntary program that new hires would participate in. We can certainly make that a lot[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How Are The WOTC Tax Credits Calculated? CMS Responds: Big question is “We get these WOTC Tax Credits, how are they calculated?” There’s actually two benchmarks, the first one is the employee has to work a minimum of 120[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is WOTC Applicable to Seasonal Employees? CMS Responds: Is WOTC Applicable to Seasonal Employees? Well one of the categories under the targeted groups is Summer Youth program. So if we’re hiring people 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: What are the Reasons WOTC Gets 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[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What is a Designated Community Resident? CMS Responds: The Designated Community Resident falls under the HUD guidelines of federal Empowerment Zones and Rural Communities. The tax credit value is up to $2,400 if an employee actually lives in one[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What are the Benefits of Going Paperless with WOTC Screening? CMS Responds: Actually three or four things. Number one we can state that their employer taking advantage of a federal program to initiate jobs and we need their participation.[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What Happens If My Company Does Not Make Enough Money to Use WOTC Tax Credits This Year? CMS Responds: In these troubling times we do have people who can’t use a tax credit. They don’t have enough revenue to[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I Rehire a Former Employee and Still Receive WOTC Credit? CMS Responds: Can I get a tax credit for rehiring former employees? The answer is no. The WOTC Tax Credit is designed to bring new employees back into[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What is the WOTC 28 Day Rule? CMS Responds: Question we get a lot is “What is the 28-day rule?” Well the 28-day rule means that you have to screen the employee on or before their job offer date,[…]