WOTC and Tax Extenders are In! – Deal Not Yet Final
Within the past hour, news is hitting the wires of a fiscal cliff deal in sight. ABC News. CNN. We have it from Paul Suplizio of the WOTC Coalition that tax extenders, including WOTC, have made it...
View ArticleSenate Passes Fiscal Cliff Bill – WOTC, Empowerment Zones and Indian...
US Senators worked late into the wee hours tonight. Sometime after 2:00 AM Eastern, they finally passed the Senate’s compromise bill to avert the fiscal cliff. They are calling it the “American...
View ArticleMore on the US Senate’s Fiscal Cliff Bill and Tax Extenders
This update from Paul Suplizio, President of the WOTC Coalition, offers some additional details about the fiscal cliff bill passed by the Senate late tonight. Contrary to my earlier observations, Paul...
View ArticleTax Bill Passed by House – WOTC Extended through 2013
The American Taxpayer Relief Act of 2012 was passed by the US House this evening and President Obama will sign it. The bill renews a slew of the so-called tax extenders, including the Work Opportunity...
View ArticleSenator Schumer Extols Extension of VOW to HIRE Veteran WOTC Target Groups
An article published today in The Saratogian by Paul Post outlines the recent renewal of the Returning Heroes and Wounded Warriors tax credits (as target groups within the Work Opportunity Tax Credit...
View ArticleGovernor Brown’s Budget Includes Significant Regulatory Changes to Enterprise...
California Governor Jerry Brown released his administration’s 2013-14 state-budget proposal today. Like the 2011-12 proposal of two years ago, this budget includes changes to the state’s Enterprise...
View ArticleBill Introduced to Create 41st CA Enterprise Zone in Ventura County
On Friday, California State Assemblyman Jeff Gorell (R-Camarillo) introduced a bill to expand California’s Enterprise Zone program by creating the state’s 41st zone. The Oxnard / Port Hueneme...
View ArticleCoalition Strategy for Renewal of Expired Disconnected Youth Target Group
The Work Opportunity Tax Credit (WOTC) target group known as Disconnect Youth was created by the American Recovery and Reinvestment Tax Act of 2009. (See “New WOTC Tax Credit Opportunities Arise from...
View ArticleState Democratic Whip Concerned about Changes to CA Enterprise Zones
California State Assemblyman V. Manuel Perez published an editorial this week, in which he praises many aspects of the Governor Jerry Brown’s budget. He expresses concern, however, about the proposed...
View ArticleLos Angeles City Council Resolution Opposing Changes to State Enterprise Zone...
WHEREAS, any official position of the City of Los Angeles with respect to legislation, rules, regulations, or policies proposed to or pending before a local, state or federal governmental body or...
View ArticleSequester Noise Drowning Out Concerns for Sandy Tax Relief & WOTC . . . for Now
You may appreciate this recent update from Paul Suplizio, President of the WOTC Coalition. Paul reviews recent political exchanges and developments in connection with the sequester and observes how...
View ArticleTax Reform on the Horizon – Battle for WOTC and Other Incentives Looms
Speaker of the US House of Representatives, John Boehner (R-Ohio) has recently repeated his vow to make comprehensive tax reform a top priority of the new Congress this year. Symbolic of that end,...
View ArticleOpportunity Alert! IRS Notice 2013-14 Providing Transition Relief for...
Exciting news for employers! The IRS has released IRS Notice 2013-14, which provides transition relief given the late retroactive renewal of the Work Opportunity Tax Credit program in January. The...
View ArticleCaution about IRS Notice 2013-14
Yesterday, I published a post about IRS Notice 2013-14. I have since modified that post and I want to advise caution about how employers interpret the IRS Notice. The notice provides that employers who...
View ArticleConfusion about IRS Notice 2013-14
I have received a number of additional inquiries about IRS Notice 2013-14. Specifically, readers want to know if under the Notice, the affected employees are still required to complete IRS Form 8850 on...
View ArticleGreat News! Question Resolved: IRS Notice 2013-14 is Fully Retroactive
Carmen Ortiz, the United States’ National WOTC Coordinator (U.S. Department of Labor, Employment & Training Administration) issued a correspondence to all of the program’s Regional Coordinators....
View ArticleWashington DC Empowerment Zone is No More
This question has been coming up since the passage in January of the American Taxpayer Relief Act of 2012. Did the act renew the Washington DC Empowerment Zone designation? Answer: Unfortunately, no....
View ArticleWhite House Budget Proposes Permanent WOTC Tax Credit Program
Last summer, the House Subcommittee on Select Revenue Measures held hearings to explore HOW to evaluate the numerous tax extenders coming before Congress each year. Chairman of the Subcommittee,...
View ArticleWhite House Reiterates Proposal for Permanent WOTC Program
As reported earlier this month, the 2014 fiscal budget as proposed by the White House includes a proposal to make the VOW to Hire Heroes tax credits permanent. It would accomplish this by giving...
View ArticleGovernor’s May Budget Revise Proposes Substantial Changes to California...
California Governor Jerry Brown released his May budget revise today, revealing additional intentions for the State’s enterprise-zone program. From page 68: “The [enterprise zone] hiring credit will be...
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