QUESTIONS? CALL: (800) 655-5281Login to WOTC Status Tracker

WOTC Planet

  • Tax Benefits
    • Reasons to WOTC
    • Employee Retention Credit
    • Military Veterans
  • How We Serve
    • Ways to WOTC
  • Marketplace
    • Marketplace Partners
  • Accountants
  • Resources
    • Frequently Asked Questions
  • About Us
    • Testimonials
  • Blog
Find My Tax Credits

New WOTC Target Group – Long Term Unemployment Recipient

Wednesday, 20 January 2016 by Vaughn Hromiko

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…)

Long Term UnemployedLong Term Unemployment RecipientWork Opportunity Tax CreditWOTCWOTC Extention
Read more
  • Published in Work Opportunity Tax Credit
No Comments

Negotiation Gap Narrows as Obama’s Offers Continue to Include WOTC

Tuesday, 18 December 2012 by Vaughn Hromiko

As the tax and spend negotiations continue, President Obama’s most recent offer on Monday included an extension of the Work Opportunity Tax Credit program and other tax extenders.  This has been consistent while the public focus of the negotiations has been on areas of deeper disagreement. Already this morning, the White House rejected House Speaker Boehner’s counter offer. (more…)

Paul SuplizioPresident Barack ObamaSpeaker John BoehnerTax ExtendersWOTC CoalitionWOTC Extention
Read more
  • Published in Work Opportunity Tax Credit
No Comments

NO WOTC or Tax Extenders BIll in U.S. House Until After Elections

Tuesday, 18 September 2012 by Vaughn Hromiko

We’ve been watching developments closely, and today we finally have something  concrete although not what we’ve been hoping.   While the possibility still remains for a Senate tax extenders bill before the recess, it appears that the House will not move until after the November elections.
Paul Suplizio, President of the WOTC Coalition shared the following correspondence with coalition members last night.  It is published here with permission. (more…)

Baucus Tax Extenders BillFamily and Business Tax Cut Act of 2012HR 2082Majority Leader Eric CantorPaul SuplizioSenate Bill 3521Senator Orrin HatchTax ExtendersWOTC CoalitionWOTC Extention
Read more
  • Published in Work Opportunity Tax Credit
No Comments

ETA Form to Be Short Lived – Empowerment Zone Omitted from New WOTC Characteristics Form

Friday, 03 August 2012 by Vaughn Hromiko

It is quite sad.  Just 2 days before the Senate Finance Committee completed its markup of the Family and Business Tax Cut Certainty Act of 2012, the Department of Labor issued Training and Guidance Letter (TEGL) 04-2012.
TEGL 04-2012 introduces the Department’s updated Form ETA 9061, which is the Individual Characteristics Form included in the WOTC program’s employee-application for certification. (more…)

Department of LaborEmpowerment ZonesFamily and Business Tax Cut Act of 2012Form ETA 961Senate Finance CommitteeSummer YouthTax ExtendersTEGL 04-2012Work Opportunity Tax CreditWOTC Extention
Read more
  • Published in Work Opportunity Tax Credit
No Comments

Family And Business Tax Cut Certainty Act Of 2012 Will Extend WOTC and Empowerment Zones

Friday, 03 August 2012 by Vaughn Hromiko

Good news came smiling out of Washington, D.C. this week for the Work Opportunity Tax Credit (WOTC) program and a number of other tax extenders. Some of you have contacted me with leads and insights, for which I thank you all.
On Wednesday, Senator Max Baucus, Chairman of the Senate Finance Committee (a Democrat) and Senator Orin Hatch, the Committee’s top ranking Republican announced that a bipartisan agreement had been reached for the nervously-awaited tax extenders bill. (more…)

Empowerment ZonesFamily and Business Tax Cut Act of 2012Senate Finance CommitteeSenator Max BaucusSenator Orrin HatchTax ExtendersWork Opportunity Tax CreditWOTCWOTC Extention
Read more
  • Published in Work Opportunity Tax Credit
1 Comment

Congressional Tug of War on Tax Issues: MUST Keep Pushing House and Senate for WOTC Renewal

Tuesday, 17 July 2012 by Vaughn Hromiko

Paul Suplizio of the WOTC Coalition gave an analysis this morning of the current situation in Congress as it relates to renewal of WOTC and other tax extenders. While there is little chance of of immediate passage, there are important political milestones to be laid at this time. (more…)

DISCLOSE ActPaul SuplizioRepresentative Dave CampSenator Harry ReidSpeaker John BoehnerTax ExtendersWork Opportunity Tax CreditWOTCWOTC CoalitionWOTC Extention
Read more
  • Published in Work Opportunity Tax Credit
No Comments

Groundwork Laid for Tax Bill Extending WOTC and other Expired Tax Provisions

Thursday, 26 April 2012 by Vaughn Hromiko

This morning’s Congressional hearing on the tax extenders is getting minimal mention this afternoon in the general media. The consensus from all quarters, however, seems to be that it was a successful step toward extending many of the expired tax provisions. (more…)

National Retail FederationNRFPaul SuplizioTax ExtendersWays and Means CommitteeWork Opportunity Tax CreditWOTCWOTC CoalitionWOTC Extention
Read more
  • Published in Work Opportunity Tax Credit
No Comments

WOTC and Other Tax Extenders Must Wait

Thursday, 16 February 2012 by Vaughn Hromiko

The House – Senate Conference has come to an agreement on what is now dubbed The Middle Class Tax Relief and Job Creation Act of 2012.  Expectations are high that both the House and Senate will quickly pass the bill.  President Obama has already indicated he will sign the bill.
Unfortunately, the tax extenders, including the general WOTC extension, were completely excluded from this legislation.  All WOTC categories except for those favoring military veterans must now wait to be extended by another yet future tax bill.
As I’ve summarized before, this situation is not unusual for the Work Opportunity Tax Credit (WOTC) program. Of the eight times Congress has acted to renew or extend the WOTC program, three were passed retroactively months after the program’s legislative authority had expired.

  • The first was in March 2002 after WOTC expired on December 31, 2001.
  • The second was in October 2004, about ten months after WOTC expired on December 31, 2003.
  • The worst example to date was in December 2006, when the program was reauthorized almost 12 months after its expiration.

In each of these events, the renewal was made effective retroactively back to the date of expiration.  In other words, employers were eligible to claim tax credits generated by properly certified employees hired between the expiration date and the date the WOTC program was renewed.
We continue to anticipate a similar re-authorization in 2012. For this reason, my firm will continue to process and submit WOTC applications under all employee-eligibility categories — not just for veterans.
As employers consider their strategy for 2012, they should remember that even though a general extension has not yet been passed, eligibility-categories for hiring military veterans are already authorized through 2012 by the VOW to Hire Heroes Act of 2011. The amount of tax credit currently offered for hiring unemployed veterans goes as high as $9,600 per qualifying hire.
This is an excellent opportunity to more affirmatively recruit veterans for your workforce.

payroll tax cutTax ExtendersThe Middle Class Tax Relief and Job Creation Act of 2012Unemployed VeteransVeteransWOTC ExtentionWOTC Renewal
Read more
  • Published in Work Opportunity Tax Credit
No Comments

WOTC Call to Action – New Developments for WOTC and Tax Extenders

Friday, 27 January 2012 by Vaughn Hromiko

There are new developments in the effort to include WOTC and other tax-extenders in the upcoming payroll tax cut bill. A Senate-House conference is currently negotiating to extend the payroll tax cut, which expires in February.
Paul Suplizio, President of the WOTC Coalition, reports that Ways and Means Chairman Dave Camp is “waving off in advance an expected offer from Senator Baucus” to include tax extenders in the bill. Max Baucus is Chairman of the Senate Finance Committee. (more…)

Paul Supliziopayroll tax cutRepresentative Dave CampSenator Max BaucusTax ExtendersWOTCWOTC CoalitionWOTC Extention
Read more
  • Published in Federal Legislation, Work Opportunity Tax Credit
No Comments

HR 2082 – Bill to Extend and Refine the Work Opportunity Tax Credit Program

Thursday, 09 June 2011 by Vaughn Hromiko

I received an update from Paul Suplizio, President of the WOTC Coalition today. There is recent progress on the legislative front for an extension of the Work Opportunity Tax Credit.
The WOTC program is currently slated to expire on December 31, 2011. While that might at first seem alarming if your company has been relying on the program to offset hiring costs, its par for the WOTC game. Over the years, Congress has repeatedly allowed the program to expire or nearly expire before renewing it for another term. (more…)

Disconnected YouthHR 2082Paul SuplizioTax CreditsWork Opportunity Tax CreditWOTCWOTC CoalitionWOTC ExtentionWOTC Renewal
Read more
  • Published in Federal Legislation, Work Opportunity Tax Credit
3 Comments
Click Here to Find Your Tax Credits

Free WOTC Eligibility Analysis

 

  • Privacy Policy
  • WOTC Planet Blog
  • Society for Human Resource Management SHRM
  • National Restaurant Association
  • California Hotel & Lodging Association
  • California Lodging Industry Association

Hromiko & Associates, LLC BBB Business Review

Contact us

T (800) 655-5281
Email: inquire@wotcplanet.com

WOTC Planet
PO BOX 41159
Sacramento CA 95841

Open in Google Maps

  • GET SOCIAL
WOTC Planet

Copyright © 2019 | Hromiko & Associates, LLC. The WOTC Planet logo is a service mark of Hromiko & Associates, LLC

TOP