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…)
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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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A few friends of the blog have contacted me recently, asking if the IRS has issued its notice on transition relief for the re-authorized WOTC program. Not yet. Nor has the Department of Labor or IRS issued revised forms for 2016 to reflect the new Long Term Unemployment Recipient target group.
Here’s to continued patience and hoping we see something soon….PUBLISHED IN
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Time Ballard with a child rescued by O.U.R. Today’s post is a little different. Forgive me for parting from the usual tax-incentives news but this is something very important. I hope you’ll see why.
I dare you to click on the picture of Tim Ballard and the little boy he rescued — listen to him tell the true story of what inspired him. Personally, I can’t listen to it without also being overcome by the strongest of emotions.
For some time, I’ve been following a young organization called Operation Underground Railroad. Known as O.U.R. for short, this organization puts boots on the ground around the world, saving children from the misery of sexual slavery. (more…)PUBLISHED IN
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Missouri State Representative Michele Kratky has proposed a state tax deduction for small businesses that hire qualifying disabled and previously incarcerated ex-offenders. The $5,000 deduction can be claimed for up to 3 consecutive years while minimum employment standards are being satisfied. (more…)
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This week, the Department of Labor’s Employment and Training Administration issued new instructions to State Workforce Agencies (SWA’s). Agencies needed instructions in the wake of the WOTC re-authorization provided by the Protecting Americans From Tax Hikes (PATH) Act of 2015. President Obama signed this bill on December 18, 2015.
The document summarizes the program changes and other effects created by the PATH Act. It also guides SWA’s on what to do with applications that were submitted timely (within 28 days from start of employment) in 2015 during the 49-week WOTC authorization lap. As a result, employers nationwide should now begin receiving certifications for their 2015 qualifying hires. (more…)PUBLISHED IN
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The recent re-authorization and expansion of the Work Opportunity Tax Credit (WOTC) includes a new WOTC target group. Reading from the statute, a “Long-term Unemployment Recipient” is defined as an individual “being in a period of unemployment which— (A) is not less than 27 consecutive weeks, and (B) includes a period in which the individual was receiving unemployment compensation under State or Federal law.’’ (more…)
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President Obama signed a huge tax and spending package into law on Friday following congressional votes that avoided a year-end showdown over the budget and ended legislative business until lawmakers return in 2016
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The tax extenders and government funding legislation passed the House and Senate today and is now on its way to the President for his pen. Of primary interest to WOTC Planet readers is the 5-year extension of the Work Opportunity Tax Credit (WOTC) with Vow to Hire Heroes Act. These will become law upon receiving the President’s signature.
From USA Today, “Senate clears massive spending bill, tax measures“.
You can read the bill here, at least until they move the file. For the WOTC extension and revision, scroll to page 38 of the PDF. (more…)PUBLISHED IN
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The Department of Labor has issued Training and Employment Guidance Letter Number 9-15 regarding updated forms. This morning, we received a notice about the update from the Karen Marberry, Minnesota’s Work Opportunity Tax Credit Coordinator. Marberry’s notice is copied below.
Please notice, the ETA 9061 has been renewed without substantive change BUT the Revision Date and Expiration Date have been updated. Effective February 16, 2016 the new revision of the form must be used and the old revision will no longer be accepted. (more…)PUBLISHED IN