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Tax Credits Blog

Two WOTC Categories were not re-authorized

Disconnected Youth and Unemployed Vets (not from the Vow to Hire Vets category) - these were two categories that expired at the end of 2010 and were not included in the re-authorization of the WOTC program through 12/31/13.  State agencies are returning any applications sent in during 2011 and 2012 that were for those categories.

 

We have started seeing the states turn around the applications but there's only a dribble so far - I hope that the can get the flow started so that companies can get their 2012 credits by tax deadline date of 3/15 - 4/15 for individuals.

 

Ken Brice

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FINALLY - WOTC has been extended

WOTC and EZ credits have been extended retroactively from 1/1/12 through 12/31/13 - all paperwork that has been sent in to the state agencies will now be reviewed and we should start seeing certifications flowing in a week or two.  We will be able to generate credits for two years in 2013 - one for 2012 and one currently for 2013.

 

Good news.

 

Be Well.

 

Ken Brice

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609-252-0044

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FINALLY - WOTC has been extended

WOTC and EZ credits have been extended retroactively from 1/1/12 through 12/31/13 - all paperwork that has been sent in to the state agencies will now be reviewed and we should start seeing certifications flowing in a week or two.  We will be able to generate credits for two years in 2013 - one for 2012 and one currently for 2013.

 

Good news.

 

Be Well.

 

Ken Brice

This email address is being protected from spambots. You need JavaScript enabled to view it.

609-252-0044

.

Still Waiting

The good news is that they (the Congress) have to resolve this fiscal cliff before the end of the year and I believe they will come up with something, if not a stop-gap measure to avoid the cliff.

 

There are still credits to recoup - HIRE Act 2010, EZ/EC/RC credits as well as the active WOTC category - Veterans, both on public assistance and those who are unemployed.

 

Ken

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Fiscal cliff can be our best friend

to finally get something done vis a vis tax credits extenions.  The democrats in the Senate have already signed off on the extensions so we need the republicans in the house to do the same.  Our extensions are basically a footnote to the larger bill that needs to be resolved by the end of the year or else we will fall off a cliff.

 

Take a moment and write a letter/call your republican house members to ask them to support the tax credit extensions that are in the current bill on the floor.

 

Do it now.

 

Ken Brice

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