The IRS has released a new notice with guidance on the American Taxpayer Relief Act, and gives employers extra time to file a form to qualify for the Work Opportunity Tax Credit.
The Treasury Department and the IRS have determined it appropriate to provide employers with additional time to file 8850s with a DLA. Specifically:
• A taxable employer that hires a member of a targeted group on or after Jan. 1, 2012, and on or before March 31, 2013, will be considered to have satisfied the requirements of Sec. 51(d)(13)(A)(ii) if it submits the completed 8850 to the DLA to request certification not later than April 29, 2013.
• An employer that hires any qualified veteran described in Sec. 51(d)(3) on or after Jan. 1, 2013, and on or before March 31, 2013, will be considered to have satisfied the requirements of Sec. 51(d)(13)(A)(ii) if it submits the completed Form 8850 to the DLA to request certification not later than April 29, 2013.