August 11, 2016

Extended Dates for the Work Opportunity Tax Credit

cgormally
Carissa Gormally, CPA Anton Collins Mitchell LLP

Congress extended the application of the federal Work Opportunity Tax Credit (the “WOTC”) on December 15, 2015.  The revised extension dates are for employees who began working after December 31, 2014, and before January 1, 2020.

Timing is still crucial in regards to applying for the WOTC.  Since, the extension was not enacted until December 15, 2015, employers only have 28 days after an employee begins work to file the application for pre-screening.

The service has granted transitional relief, which extended the application due…

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