IRS Offers New Guidance on Work Opportunity Tax Credit

by Ken Berry | Mar 14, 2016   ()

The new Protecting Americans from Tax Hikes (PATH) Act, signed by the president late last year, restores the Work Opportunity Tax Credit (WOTC), retroactive to the beginning of 2015. The credit is available to employers who hire workers from several target groups. Now the IRS has issued transitional rules for employers claiming the WOTC (Notice 2016-22, 3/7/16). Read More

Source: CPA Practice Advisor

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