The Work Opportunity Tax Credit, known as #WOTC, is a federal tax credit available to employers who hire individuals from disadvantaged groups of workers. Including WOTC Screening can save an employer significant amounts of money. WOTC Screening is used to determine if a new hire is a member of one of the Work Opportunity Tax[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I Rehire a Qualified WOTC Applicant to Meet the 28 Day Rule? CMS Responds: If I have a new hire who would qualify, and it’s after 28 days, can I release them and then rehire them to meet[…]
CMS Work Opportunity Tax Credit Newsletter July 2022 In this issue: WOTC In The News Roundup Why You Should Switch to a Paperless Screening Process Empowerment Zones, Enterprise Zones, Rural Renewal Counties Map Upcoming Webinar: Fast & Thorough Background Screening with Verified First WOTC Wednesday: How far back can we look back with WOTC?[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I Get a Partial WOTC Tax Credit If The Employee Only Worked a Few Weeks? CMS Responds: Can I still get a WOTC Tax Credit if the employee only worked a few weeks? So the answer to that[…]
Join our WOTC subject matter expert Brian Kelly this month to learn about the Work Opportunity Tax Credit (WOTC), how much employers can save when they hire, why the 28-day rule is so important to employers, and why there has never been a better time to take advantage of the Work Opportunity Tax Credit! Learn about what’s upcoming and how[…]
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[…]
As CMS moves forward with our online presence it is very important for customers to keep your contact information current. If anyone at your company is taking on the implementation process of our services, please let us know or of any position changes. CMS’s online web link screening system screens your WOTC new hires with[…]
In 2021 the state of Minnesota issued 32,259 Work Opportunity Tax Credit certifications. Minnesota issued 1.55% of all WOTC Tax Credits in 2021, Designated Community Resident was Minnesota’s highest tax credit category with 33.89% of certifications for that category. See historical data on Minnesota and the Work Opportunity Tax Credit. About Our WOTC Screening[…]
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[…]