Friday, February 20, 2015

IRS Formally Announces 2014 Application Extension Period

Yesterday  the IRS released notification 2015-13 that it was 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 (Notice 2015-13 PDF) for any employees hired after January 1, 2014.

Form 8850 is normally due within 28 days of an employee’s start date. The retroactive extension of the WOTC credit had raised questions about how employers who hired eligible employees in 2014 would be able to timely file the form and certify those employees.

Under the extension, employers who hire a member of a targeted group on or after Jan. 1, 2014, through January 1, 2015 will be considered to have timely filed Form 8850 if it is received by the designated local agency by April 30, 2015.

WOTC Solutions has successfully filed employer applications during an IRS extension period before and we are ready to assist you again. Please email or call 888-313-5696 with any immediate questions and let's start screening your employees and saving you money today!