A new notice from the IRS provides transition relief to certain employers claiming the work opportunity tax credit (WOTC).
The WOTC is a federal income tax credit available to employers that hire certified members of certain groups that face significant barriers to employment, including designated community residents or qualified summer youth workers.
Notice 2021-43 extends the 28-day deadline for employers to submit a request to a local agency to certify that an employee hired between Jan. 1 and Oct. 8, 2021, is a designated community resident or qualified summer youth employee.
The transition relief under this notice allows employers to submit Form 8850 for these employees until Nov. 8.