• Honkamp Krueger HK-Logo
  • HKPHKP-Logo
  • HK Financial ServicesHKFS-Logo
  • HKFS RetirementHKRS-Logo
  • HK Alliance HKA-Logo
  • Kabel Business Services Kabel-Logo

Monthly Archives: March 2016

IRS Issues WOTC Guidance and Transitional Relief

March 8, 2016

The IRS just released Notice 2016-22, which provides guidance for the Work Opportunity Tax Credit (WOTC) and transitional relief. As WOTC was on hiatus during 2015, the notice specifies that for those hired between January 1, 2015 and May 31, 2016, the IRS Form 8850 will be considered timely filed if it is submitted no … Continue reading IRS Issues WOTC Guidance and Transitional Relief

READ MORE

Work Opportunity Tax Credit available for hiring the long-term unemployed

March 1, 2016

By Stacey May, Director of Tax Credits With the passage of the Protecting Americans from Tax Hikes (PATH) Act in December of 2015, businesses of all sizes can now take advantage of a lucrative tax credit for hiring the long-term unemployed. The credit is a new category under the Work Opportunity Tax Credit (WOTC), which … Continue reading Work Opportunity Tax Credit available for hiring the long-term unemployed

READ MORE