DALLAS, March 10, 2016 /PRNewswire/ -- In December 2015, President Obama signed the PATH Act extending the Work Opportunity Tax Credit (WOTC) through 2019. Since the PATH Act retroactively extended the WOTC for 2015, the Internal Revenue Service (IRS) recognized that employers need additional time beyond the statutory 28 days to file their WOTC applications.
The IRS announced in Notice 2016-22 that employers participating in, or planning to participate in, the WOTC program shall be granted an extension to file the Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Credit. Under the extension, employers who hired employees between January 1, 2015 and May 31, 2016, will be considered to have filed Form 8850 on time for the employee, if it is filed no later than June 29, 2016.
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Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the seventh largest corporate tax practice in the United States. With global headquarters in Dallas, Texas, the Firm provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan is a three-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan's multi-disciplinary team of more than 2,100 professionals and associates serves over 12,000 clients in more than 40 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at ryan.com.
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