Work Opportunity Credit Extension

If you have employees that were hired between January 1, 2015, and May 31, 2016, you have been granted an extension of time to submit Form 8850. This form is generally due to your Designated Local Agency no later than the 28th day after an individual begins work.The IRS is now allowing you to submit no later than June 29, 2016. That credit will then expire for employees hired after December 31, 2019.

The reason behind this extension is that Form 8850 is being revised; however, you can still use the current form until the new form is released. The new form will reflect the addition of qualified long-term unemployment recipients as targeted group members. According to the IRS, this new version will require the long-term unemployment recipient to supply the information provided on the forms for the employer to receive certifications from the DLA that the individual is a qualified long-term unemployment recipient.

We suspect the new version will include a requirement that the individual attests that he or she meets the requirements to be a qualified long-term unemployment recipient.

If you normally file Form 8850, relax. This extension gives you some more time to file.

If you need any help filing forms, let us know how we can help! Cooper Kupp Jersey

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