KPMG report: IRS extends certification deadline for certain employers claiming work opportunity tax credit
Employers claiming the work opportunity credit may now have transition relief from filing deadlines.
Employers claiming the WOTC may now have transition relief from filing deadlines
IRS Notice 2021-43 provides relief to certain employers claiming the work opportunity credit (WOTC) for individuals who are members of either the “Designated Community Resident” targeted group or the “Qualified Summer Youth Employee” targeted group.
Specifically, Notice 2021-43 extends the 28-day deadline for employers to request certification from a designated local agency that an individual who begins work on or after January 1, 2021, and before October 9, 2021, is a member of either targeted group.
Read an August 2021 report [PDF 129 KB] prepared by KPMG LLP: What’s News in Tax: IRS extends certification deadline for certain employers claiming the work opportunity tax credit
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.