IRS tax credit certification for qualified new hires

Filed under: Daily News | Tags:

Business owners who hired “disconnected youth” or eligible unemployed veterans before mid-September have until Oct. 17 to request certification for the work opportunity tax credit.

The Internal Revenue Service extended the deadline and expanded the definition of disconnected youth.

The American Recovery and Reinvestment Act added unemployed veterans and certain younger workers to the list of groups covered by the work opportunity tax credit.

Normally, Form 8850 must be filed with the state work force agency within 28 days after the eligible employee begins work.

But under a special rule, businesses have until Oct. 17 to file the form for eligible workers who began work on or after Jan. 1 or before Sept. 17.

To access the revised Form 8850 – Pre-Screening Notice and Certification Request for the Work Opportunity Credit – visit the IRS’ Web site.