Newsletters

IRS Issues Guidance on Pre-Screening And Certification Process for WOTC, IR-2022-159

The IRS has released information regarding the pre-screening and certification process for employers taking advantage of the Work Opportunity Tax Credit (WOTC). The information relates to hiring designated categories of workers who face significant barriers to employment, including:

The WOTC, which succeeded the Targeted Jobs Tax Credit (TJTC), included the requirement for employers to pre-screen job applicants. To pre-screen a job applicant, on or before the day a job offer is made, a pre-screening notice (Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Credit) must be completed by the job applicant and the employer. After pre-screening a job applicant, the IRS requires the employers to make a request for certification by submitting Form 8850 to the appropriate state workforce agency, no later than 28 days after the employee begins work.

The Service also notified that, tax-exempt organizations can claim the WOTC against the employer’s share of social security tax for hiring qualified veterans, by filing Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans. Further information can be found in the Form 8850 instructions or on the WOTC page on IRS.gov.

FL - Voters reject two statewide ballot measures regarding property taxes

Voters rejected two constitutional amendments referred by the Florida Legislature to the 2022 ballot for property tax purposes. Amendments in […]

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FL - Voters reject two statewide ballot measures regarding property taxes

FL - Updated electronic address/jurisdiction database for determination of insurance premium tax situs

For insurance premium tax purposes, the Florida Department of Revenue has issued a tax information publication updating the electronic address/jurisdiction […]

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FL - Updated electronic address/jurisdiction database for determination of insurance premium tax situs

FL - Payment deadlines extended for taxpayers in counties impacted by Hurricane Ian

Florida Gov. Ron DeSantis issued an executive order that temporarily suspends the deadline for the payment of property taxes for […]

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FL - Payment deadlines extended for taxpayers in counties impacted by Hurricane Ian

IRS Informs Taxpayers that Tip Income is Taxable and Must be Reported, FS-2022-37

The IRS has informed taxpayers who work in restaurants, salons, hotels and similar industries that tips can be taxable income. […]

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IRS Informs Taxpayers that Tip Income is Taxable and Must be Reported, FS-2022-37

IRS Reminds Taxpayers To Estimate Their Tax Withholding And Not Rely On Refunds Alone, IR-2022-186

The IRS has urged taxpayers to review their tax withholding to avoid any big surprises, such as a big refund […]

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IRS Reminds Taxpayers To Estimate Their Tax Withholding And Not Rely On Refunds Alone, IR-2022-186

IRS Revises Initial Contact Letters for Ease Of Understanding, IR-2022-170

The IRS has revised its initial contact letters to improve its interactions with taxpayers. The initial contact letters are issued […]

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IRS Revises Initial Contact Letters for Ease Of Understanding, IR-2022-170

IRS Extends Some Low-Income Housing Credit Deadlines, Notice 2022-52

The IRS extended several deadlines related to the low-income housing credit, in response to unavoidable labor and supply-chain disruptions delaying […]

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IRS Extends Some Low-Income Housing Credit Deadlines, Notice 2022-52

IRS Urges Taxpayers to Remain Vigilant for Cybercrimes and Protect their Personal Information, IR-2022-187

The IRS has urged taxpayer families, especially teens and senior citizens to remain vigilant and be mindful year-round for potential dangers in […]

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IRS Urges Taxpayers to Remain Vigilant for Cybercrimes and Protect their Personal Information, IR-2022-187

Taxpayers Who Haven't Filed 2021 Returns May Be Eligible for Valuable Credits, IR-2022-178

The IRS has sent reminder letters to encourage over 9 million taxpayers and families who are potentially eligible for expanded […]

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Taxpayers Who Haven't Filed 2021 Returns May Be Eligible for Valuable Credits, IR-2022-178

IRS Warns Taxpayers To Be Aware Of Their Eligibility For Employee Retention Credit Claims, IR-2022-183

The IRS has warned employers to be wary of third parties who are taking improper positions related to taxpayer eligibility […]

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IRS Warns Taxpayers To Be Aware Of Their Eligibility For Employee Retention Credit Claims, IR-2022-183