Retro WOTC Ends – Program Out of Hiatus Through 2019

Situation As part of the Protecting Americans From Tax Hikes Act of 2015 signed into law last December, the Work Opportunity Tax Credit (WOTC) Program was extended through December 31, 2019 and retroactively for employees hired from January 1, 2015. The WOTC program will be now be in a steady-state, with no hiatus planned, through [Read More…]

New Research Shows WOTC-Eligible Employees More Likely to Stay on the Job

Dual value of WOTC: reduce turnover while increasing income  |  press release Equifax has published a press release and new whitepaper highlighting the additional benefits of the Work Opportunity Tax Credit (WOTC) program. “Most employers are familiar with the WOTC program and the value it delivers by way of reduced tax liabilities to offset the [Read More…]

Webinar: Retro WOTC Extended Again – Understanding the Federal Guidance

Webinar recording   |   Retro WOTC Extended Three Additional Months: Understanding the Federal Guidance The IRS has extended the previous retro WOTC “transition relief” period for all WOTC categories to August 31, 2016. Download the webinar to hear well-known Washington lobbyist and attorney Evan Migdail discuss the federal guidance employers must follow to take advantage [Read More…]

Bulletin: WOTC Transition Relief Period Extended

Situation Following a hiatus in 2015, the Work Opportunity Tax Credit (WOTC) program was extended retroactively for hires from January 1, 2015 through December 31, 2019. Earlier this year, the IRS issued Notice 2016-22 providing for “transition relief” for employers to file WOTC form 8850 for any hires from January 1, 2015 through May 31, 2016.  The [Read More…]