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  • Great News! Question Resolved: IRS Notice 2013-14 is Fully Retroactive

    Tuesday, 12 March 2013

    By

    Vaughn Hromiko

    Carmen Ortiz, the United States’ National WOTC Coordinator (U.S. Department of Labor, Employment & Training Administration) issued a correspondence to all of the program’s Regional Coordinators. The purpose of the correspondence was to answer the question many have been asking about IRS Notice 2013-14.
    Does the notice in essence wave the “on or before the day of hire” requirements created by §51(d)(13)(A)(ii). Short answer: YES!
    In her email correspondence, Ms. Ortiz states that while she is the author of the response to this question, she first ran her response before the IRS.
    Now I quote Ms. Ortiz, National WOTC Coordinator: (more…)

    Irs Notice 2013 14 Unemployed Veteran Work Opportunity Tax Credit Wotc
    Read more: Great News! Question Resolved: IRS Notice 2013-14 is Fully Retroactive

    PUBLISHED IN

    Work Opportunity Tax Credit
  • Confusion about IRS Notice 2013-14

    Monday, 11 March 2013

    By

    Vaughn Hromiko

    I have received a number of additional inquiries about IRS Notice 2013-14. Specifically, readers want to know if under the Notice, the affected employees are still required to complete IRS Form 8850 on or before the day they are offered a job.
    Answer: I do not know for sure but until further guidance is given must assume that, Yes, employees with hire dates affected by Notice 2013-14 are still required to have completed the form on or before the day of their job offer.
    Having said that, I am looking further into this issue.  
    (more…)

    Irs Notice 2013 14 Work Opportunity Tax Cred Wotc
    Read more: Confusion about IRS Notice 2013-14

    PUBLISHED IN

    Work Opportunity Tax Credit
  • Caution about IRS Notice 2013-14

    Saturday, 09 March 2013

    By

    Vaughn Hromiko

    Yesterday, I published a post about IRS Notice 2013-14.
    I have since modified that post and I want to advise caution about how employers interpret the IRS Notice. (more…)

    Irs Notice 2013 14 Wotc Transition Relief
    Read more: Caution about IRS Notice 2013-14

    PUBLISHED IN

    Work Opportunity Tax Credit
  • Opportunity Alert! IRS Notice 2013-14 Providing Transition Relief for Employers Submitting Late WOTC Applications

    Friday, 08 March 2013

    By

    Vaughn Hromiko

    The IRS has released IRS Notice 2013-14, which provides transition relief given the late retroactive renewal of the Work Opportunity Tax Credit program in January. The transition rules are not the same, however, for all WOTC target groups.
    Notice 2013-14 waves the 28-day deadline for submitting IRS Form 8850 (the WOTC Pre-screen Notice) for qualifying employees hired within certain dates ranges in 2012 and early 2013. The extended deadline for submitting the applications for affected employees is now April 29, 2013.
    The rules apply as follows:

    • For all targeted groups except qualifying veterans, the extension applies to qualifying employees hired from January 1, 2012 through March 31, 2013 (that’s a period of 15 months).
    • For qualifying veterans, the extension applies to qualifying employees hired between January 1, 2013 through March 31, 2013 (a period of just 3 months)

    (more…)

    Irs Notice 2013 14 Unemployed Veteran Wotc Transition Relief
    Read more: Opportunity Alert! IRS Notice 2013-14 Providing Transition Relief for Employers Submitting Late WOTC Applications

    PUBLISHED IN

    Work Opportunity Tax Credit
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