5-year WOTC Extension Announced

It’s official! The Work Opportunity Tax Credit (WOTC) program has been renewed for five years (2015 – 2019).  Last week, Congress voted to extend the WOTC program as part of the Tax Extenders legislation, and received the President’s official signature of approval on December 19th. This renewal is especially exciting as it is the first time…

Read article
WOTC Renewal Update

The Work Opportunity Tax Credit (WOTC) program scored a big victory this week. On 7/21/15, the Senate Finance Committee voted 23-3 to pass a two-year extension of this important program. This means that the bill is now ready for a full Senate vote. Although this is only the first step,  the near-unanimous support for WOTC…

Read article
2014 WOTC Tax Extension Reminder

With tax deadlines looming, we thought it best to revisit the specifics of WOTC for 2014 and what implications that has on your corporate taxes. A quick reminder that for 2014 you can file for WOTC tax credits by April 30, 2014. With this unique extension, states are backlogged and may require extra time to…

Read article
WOTC Extension Questions

By this time most everyone knows that The IRS recently announced Notice 2015-13, which will provide some much needed relief for employers seeking WOTC credits from 2014. As we’ve mentioned before, this is a nearly unprecedented move by the IRS. Since the inception of WOTC in 1996, this is only the second time such an extension…

Read article
2014 WOTC Tax Credits Still Available

The WOTC program experienced some unique challenges in 2014 stemming from the late December renewal. Although the renewal was retroactive, it created a hardship for employers seeking to take advantage of these lucrative tax credits. The IRS recently announced Notice 2015-13, which will provide some much needed relief for employers seeking WOTC credits from 2014.…

Read article