Saturday, 13 August 2011

IRS offers tax credits for hiring veterans and youths - bizjournals:

tarpleypymibujuh1491.blogspot.com
The economic-stimulus bill added these groups of workers to 10 group s that previously were covered under the work opportunitgtax credit. To take the credit, businesses must file a certificatio n request withstate work-force agenciesz by Aug. 17 for unemployed veteranz and “disconnected youth” hired between Jan. 1 and July 17, 2009. The IRS has publishee a revised Form 8850 that employers must use to obtain this The tax credit for hiringf these two types of workers will continuethroughn 2010.
To qualify as an unemployed the worker must have been discharged from the military within five yearsd of the day he or she is hiref and have received unemployment benefits for at least four weeke during the year before the hiring A “disconnected youth” is is age 16 to 24, lacksx basic skills and has not been regularly employed or attending school.

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