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Pre-screen applicants: Before or on the date of the job offer, the employer must have the applicant fill out IRS Form 8850 (Pre-Screening Notice and Certification Request for the Work Opportunity ...
Employers can claim the Work Opportunity Tax Credit (WOTC) for hiring individuals with employment barriers, gaining tax savings while promoting workforce diversity. Learn how to apply and maximize ...
To qualify, employers must submit IRS Form 8850 and Department of Labor Form 9061 or 9062 to their state within 28 days of ...
The Work Opportunity Tax Credit (WOTC) is administered jointly by the U.S. Department of Labor (DOL) and the U.S. Treasury through the Internal Revenue Service (IRS).
The Work Opportunity Tax Credit is a federal income tax credit available to employers who hire candidates from certain target groups who have consistently faced significant barriers to employment.
If you're a business owner, taking advantage of the Work Opportunity Tax Credit could result in saving thousands of dollars on your taxes. / Credit: Getty Images/iStockphoto If you're a business ...