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Video instructions and help with filling out and completing Which 8850 Form Targeted

Instructions and Help about Which 8850 Form Targeted

Everyone has a story, and when people are looking for a job, they're coming from many different situations. These situations are not automatically talked about when they fill out their job application. What a lot of employers don't know is that many of those situations would qualify them for special tax credits if they were to hire the person. It's worth anywhere from $1,200 to $9,600 for each qualifying hire. It's called the Work Opportunity Tax Credit (WotC), pronounced Wasi by most people, and it's part of the federal tax code for veterans, the unemployed, and people having a hard time economically. There are 14 detailed situations like these that will create a tax credit for your company if you get the right information from your new hires and process the paperwork correctly. What Seeplanet helps employers to qualify employers in every industry, including restaurants, staffing firms, hotel chains, retailers, wholesalers, grocery stores, insurance agencies, warehouses, mortgage brokers, and more. One of our customers hired 609 new workers during the past two years, with over 100 of them qualifying for the Work Opportunity Tax Credit. This resulted in the company receiving $154,000 in tax credits. This employer did not have to change its hiring process because eligible people were already applying for jobs every day. They just didn't know about the potential tax credit before. Although we can't promise anything in advance, these results are typical if huge tax savings sound good to you. Send us an email or give WhatSeeplanet a call today. Music.