WOTC FAQ

WOTC Questions: We are a not for profit C corp, does WOTC apply to us?

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 that we try to answer: We are a not for profit C corp, does WOTC apply to us? CMS Says: Hello, if you hire Qualified Veterans, yes. That is the[…]

WOTC FAQ

WOTC Questions: What are the carry back and carry forward rules for using the WOTC 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 that we try to answer: What are the carry back and carry forward rules for using the WOTC tax credit? CMS Says: The WOTC tax credits rules are the same[…]

WOTC FAQ

WOTC Questions: How many years can an employers claim WOTC? If new employees are hired each year, can this credit be claimed back to back, i.e., 2017, 2018 & 2019

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 that we try to answer: How many years can an employers claim WOTC? If new employees are hired each year, can this credit be claimed back to back, i.e., 2017,[…]

WOTC FAQ

WOTC Questions: I want to print out the 8850 and 9061, where do I find it?

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 that we try to answer: I want to print out the 8850 and 9061, where do I find it? CMS Says: Hello, you can print or download the latest WOTC[…]

WOTC FAQ

WOTC Questions: Are We Still Eligible When We Hire Seasonal Workers?

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 that we try to answer: Our retail business (grocery store) hires lots of part time seasonal workers to help over the holiday season. Are We Still Eligible When We Hire[…]

WOTC FAQ

WOTC Questions: Hi, What is the actual percentage of the tax credit do you charge? Are there any other costs?

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 that we try to answer: Hi, What is the actual percentage of the tax credit do you charge? Are there any other costs? CMS Says: Hello, we do publish that[…]

WOTC FAQ

WOTC Questions: How much $ do you get with each category?

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 that we try to answer: How much $ do you get with each category? CMS Says: The amount of tax credits available for each WOTC Category is mostly up to[…]

WOTC FAQ

WOTC Questions: If I have ex-felons making me eligible for wotc credit where do I report?

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 that we try to answer: If I have ex-felons making me eligible for wotc credit where do I report? CMS Says: If you are hiring ex-felons who may qualify you[…]

WOTC FAQ

WOTC Questions: Once an employee hits the 400 hours mark can an employer continue to earn tax credits on them or have they hit the max?

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 that we try to answer: Once an employee hits the 400 hours mark can an employer continue to earn tax credits on them or have they hit the max? CMS[…]