| ||||||||||
Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig Visit ColumbiaMagazine's Directory of Churches Addresses, times, phone numbers and more for churches in Adair County Find Great Stuff in ColumbiaMagazine's Classified Ads Antiques, Help Wanted, Autos, Real Estate, Legal Notices, More... |
Work Opportunity Tax Credit for employers reauthorized Program has been expanded From Commonwealth News Center FRANKFORT, KY (8 Jul 2016) -- The Work Opportunity Tax Credit (WOTC), a federal program for employers to receive a tax credit for hiring employees in certain target groups, has been expanded to include qualified long-term unemployment recipients. Employers may receive this tax credit from $1,200 - $9,600 by hiring and retaining qualified employees from these specified target groups that have consistently faced significant barriers to employments. For information about this and other tax credits available to Kentucky employers, visit www.kentuckycareercenter.com under the "employer section" and click on "tax credits." On Dec. 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act) that extends and modifies the WOTC program and the WOTC Empowerment Zones 2015-2016. The act retroactively reauthorizes the original nine WOTC target groups for a five-year period, from Jan. 1, 2015 - Dec. 31, 2019, and adds qualified long-term unemployment individuals to the list. Employers may receive a WOTC certification tax credit for hiring qualified individuals from these specified target groups:
For further information about the qualifications for each WOTC target group, please go to www.kentuckycareercenter.com under the "employer section" and click on "tax credits." WOTC empowerment zones of the designated community residents target group continues until Decem. 31, 2016. The new WOTC program changes also include a transitional relief period for employers from the 28-day timely filing requirement by providing additional time to file a WOTC IRS Form 8850 with the Kentucky Career Center Tax Credit Unit. The extension gives employers additional time to obtain the certification for an employee hired between Jan. 1, 2015 - Aug. 31, 2016. WOTC requests submitted on or after Sept. 30, 2016 are not eligible for the transitional relief period. The online WOTC system will move all currently submitted transitional relief period WOTC requests from denied due to the IRS Form 8850 not being received in a timely manner to a pending status to be re-processed. The projected date for this move of currently submitted WOTC requests is October 2016. Employers should monitor the status of all submitted Kentucky WOTC requests after this projected date. To obtain the WOTC certification tax credit, Kentucky employers must submit IRS Form 8850 and ETA Form 9061 to the Kentucky Work Opportunity Tax Credit Online System or mail the forms to the Kentucky Career Center, 275 E. Main St., 2WA, Frankfort, KY 40621. Employers can submit applications via the online system at https://wotc.ky.gov. The Kentucky Work Opportunity Tax Credit Unit does not accept faxed WOTC requests. If you have questions, please contact the Kentucky Work Opportunity Tax Credit Unit at 502-782-3465. To access more services of the Kentucky Career Center, go to www.kentuckycareercenter. For ongoing information and updates from the Kentucky Career Center. Twitter: @KYCareerCenter. Facebook: Facebook.com/KYCareerCenter. This story was posted on 2016-07-11 05:34:36
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know. More articles from topic Kentucky:
State's First Veterans Center to celebrate 25th anniversary Gov. Matt Bevin issues price gouging emergency order Talina Rose Matthews appointed as Executive Director of the PSC KY state property tax rate unchanged for 2016 Rane plans $5.8 Million Reinvestment in Russellville Plant AG participates in largest national health care fraud takedown Gov. Matt Bevin Unveils Red Tape Reduction Initiative Euro-sticks locates 90-job plant in Corbin, KY Volunteers rally to the aid of 43 horses Dr. Schneider Automotive Systems expands in Russell Springs View even more articles in topic Kentucky |
|
||||||||
| ||||||||||
Quick Links to Popular Features
Looking for a story or picture? Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com. | ||||||||||
Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728. Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.
|