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[…]
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[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Do Training Hours Count Towards WOTC Tax Credits? CMS Responds: Do Training Hours Count Towards WOTC Tax Credits? 120 or 400 hours work. If you’re getting paid, punching in and getting paid, then that person qualifies under the WOTC[…]
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 a Former Employee? 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[…]
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: On What Tax Form is the WOTC Tax Credit Taken? CMS Responds: One of the great questions that we often get is “What Tax Form is the WOTC Tax Credit Taken?” It’s going to be on the IRS 5584[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: When Is The Best Time To Give the Applicant the Work Opportunity Tax Credit Survey? CMS Responds: “When Is The Best Time To Give the WOTC Survey To The Applicant?” Actually, when they are an applicant. The WOTC program[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How Far Back Can We Go With the Work Opportunity Tax Credit? CMS Responds: The WOTC tax credits are actually under the General Business taxation law, so you can actually carry back those tax credits for up to one[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is it Worth it to do the Work Opportunity Tax Credit? CMS Responds: Is it Worth it for Employers to do the Work Opportunity Tax Credits? Absolutely! We know that statistically over the last 20+ years of performing WOTC[…]