WOTC Transitional – Relief is here!

As anticipated, IRS has just issued guidelines for a Transitional Relief period which allows employers to screen select employees for WOTC eligibility. Released earlier today, March 8, 2016, IRS Notice 2016-22 provides the following guidance: Transitional relief period covers hired members of targeted groups on or after January 1, 2015 to on or before May 31, 2016. This covers all …

Tax Extenders Renewed | WOTC Program and Other Extenders Renewed

On Friday, December 18, 2015, President Obama signed into law H.R. 2029 – Consolidated Appropriations Act, 2016. This measure is the vehicle for the Consolidated Appropriations Act, 2016 and the Protecting Americans from Tax Hikes Act of 2015, in which the tax extenders have been renewed for various periods and, in some cases, expanded. The compromise legislation included both the …

WOTC Extension Bill Passes Senate Finance Committee

The Senate Finance Committee overwhelmingly approved a tax extenders bill with a vote of 23-3. In order to enhance passage, only a few amendments were allowed, and none affected a number of significant changes to certain tax credit programs in the original bill. The bill reauthorizes the Work Opportunity Tax Credit (WOTC) Program for a two-year period: Retroactively from January …