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Representative Bonnie Watson Coleman of New Jersey has sponsored a bill to increase the amount of Work Opportunity Tax Credit generated by wages paid to qualifying ex-felons. Her bill, known as the Hire for a Second Chance Act of 2016, would increase the maximum qualifying wage from the current $6,000 to $14,000. As a result, the maximum tax credit amount that could be generated by hiring an ex-felon would increase from $2,400 to $5,600. (more…)
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I received a system-generated update from the Kentucky Work Opportunity Tax Credit Office this morning. If you have dealings with that office, perhaps you also received it.
It looks like the guidance provided in IRS Notice 2016-22 regarding the new WOTC Target Group (Long Term Unemployment Recipients) might be a little obsolete already. Here’s the language I received this morning. (more…)PUBLISHED IN
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IRS Notice 2016-22 can now be found on the IRS website through a Google search. Click the link to get your copy.
In a nut shell, for employees hired from January 1, 2015 through May 31, 2016 (inclusive), the usual 28-day application deadline has been extended through June 29, 2016. That’s good. (more…)PUBLISHED IN
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Paul Suplizio, President of the Work Opportunity Tax Credit Coalition, announced this morning that the IRS has released Notice 2016-22 providing for WOTC Transition Relief. I believe Paul but so far, I am unable to find the documents online. Perhaps they’ll show up later today. (more…)
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