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Dear friends and associates.
Many of us have been involved with the Work Opportunity Tax Credit (WOTC) for years, even decades. We are experts. We’ve seen it succeed while noting its shortcomings and its gradual refinement over time. (more…)PUBLISHED IN
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According to a recent article in The Gazette of eastern Iowa, US Senator Chuck Grassley of Iowa predicts that many tax extenders will be renewed in 2014. Senator Grassley is the Senior Republican member on the Senate Finance Committee. (more…)
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Efforts to date have failed to include an extension of the Work Opportunity Tax Credit (WOTC) in any doc-fix legislation. The Senate Finance committee has turned away efforts to include WOTC in the proposed doc-fix reform bill. While the reform bill awaits further revision, it will not be voted on until 2014. In the mean time, a temporary doc-fix patch-up measure is expected to pass this week. (more…)
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It appears the opportunity for a general tax extenders bill has expired for 2013. With a contentious election year approaching, the nation will likely wait until 2015 before Congress takes up the issue — after the 2014 elections. This is truly unfortunate given that almost 60 tax provisions expire on December 31, 2013. Here’s the entire list, published by the Joint Committee on Taxation. The Work Opportunity Tax Credit (WOTC) is one of the expiring provisions. (more…)
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