The IRS is extending the time employers that 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, for 2014 hires.
Under the extension, employers who hire a member of a targeted group on or after Jan. 1, 2014, and before Jan. 1, 2015, will be considered to have timely filed Form 8850 by April 30, 2015, if it is filed with a designated local agency.
Form 8850 is usually due no later than 28 days after an employee begins work. Timely filing of the form by the employer is a prerequisite to claiming the WOTC for hiring the employee. When the credit was extended to the beginning of 2014, it was unclear how employers who hired eligible employees in 2014 would be able to timely file the form and certify those employees.
Click here to read the full Notice 2015-13
Work Opportunity Tax Credit (WOTC) Extension for 2014