Additional Time to Claim Work Opportunity Tax Credit

Published:

imageBy Felicia Rupp and Marie Jett, CPA | Members of the Tax Services Group

The IRS released guidance last week that it is extending the time employers who want to claim the work opportunity tax credit (WOTC) have to file Form 8850: Pre-Screening Notice and Certification Request for the Work Opportunity Credit.

Under the extension, employers who hire a member of a target group on or after January 1, 2012 up to March 31, 2013, will be considered to have timely filed Form 8850 if filed by April 29, 2013. This form is normally due 28 days after employee begins work.

The American Taxpayer Relieve Act of 2012 retroactively extended the WOTC for certain employees who began work for an employer through December 31, 2013. Before the enactment, the WOTC credit had expired on December 31, 2011.

Contact

Felicia Rupp | Senior, Tax Services Group

317-260-4431 | frupp@greenwaltcpas.com

Marie Jett, CPA | Manager, Tax Services Group

317-260-4472 | mjett@greenwaltcpas.com