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The Senate Finance Committee has scheduled a hearing to consider the Chairman’s markup of a new tax extenders bill. The Committee will consider the bill on Tuesday, July 21. In its current form, the bill would give the Work Opportunity Tax Credit a 2-year retroactive extension — January 1, 2015 through December 31, 2016. (more…)
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Senator Tom Udall of New Mexico has reintroduced legislation that would extend the Work Opportunity Tax Credit’s veteran target groups through 2018 (and retroactively to January 1, 2014). The bill would not extend non-veteran target groups. (more…)
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It is time to think about updating your Work Opportunity Tax Credit (WOTC) pre-screening documents.
The IRS’ latest revision to Form IRS 8850, “Pre-Screening Notice and Certification Request for the Work Opportunity Credit” is dated March 2015. I do not notice any material changes to the form. (more…)PUBLISHED IN
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From the Florida Times Union,
The state Enterprise Zone program is scheduled to end at the end of the year, according to state law. So far, no lawmakers have filed bills that would keep the program going, although House Bill 7067 would allow local governments to control similar programs without state help or money.
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