Thank you so much for joining us here on CPA Academy. This is Matt Escoba from CPA Academy. It's my pleasure to welcome you to this presentation. We're excited to get started right on time. So many people are joining us for today's course. Before we get too much further, I just want to confirm that everything is working correctly. You should be able to hear me clearly and see Brian's screen clearly as well. On your screen, I'm already seeing some comments coming in from Linda, Helen, Tim, Tom, Liz, and several others saying hello. We're ready to get going. Please let me know where you are from. It looks like we have a wide portion of the country represented today, which is nice to see. Let me remind everybody how things work around here. You can earn credit for today's course. It's very simple to do so. Just remain logged in throughout the duration of the presentation. We will have polling questions as well, which are part of the credit process. We're going to launch those intermittently throughout the session. You will see those pop up on the screen where you're currently seeing a slide. All you need to do is select an answer that feels appropriate and hit the big submit button. That's going to help record your attendance. Once we wrap up here today, we'll get to work on ensuring that credit for you. It takes us about 24 hours or less to do that. You're going to see an email from us here at CPA Academy letting you know it's all set and available in your account. We're going to record today's session while that posted later this archive. In case you missed anything or need to review it, you're more than welcome to do...
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Work opportunity tax credit 2025 Form: What You Should Know
The IV-A and the II-A may still have state income tax liability. A Work Opportunity Grant award to a recipient must be reported on the recipient's federal income tax return. The IRS recognizes IV-A and II-A individuals as employees. The IV-A and II-A may still have state income tax liability. The IRS will pay the recipient the same tax rate as the recipient's employer. The recipient of an IV-A award may also claim Work Opportunity Tax credit (ROTC) benefits if certain conditions are met. The IRS recognizes IV-A and II-A individuals as employees. The IRS will pay the recipient the same tax rate as the recipient's employer. The recipient of an II-A award may also claim Work Opportunity Tax credit (ROTC) benefits if certain conditions are met. The IRS recognizes IV-A and II-A individuals as employees. Taxpayers may claim a ROTC deduction or credit in their federal taxable income by filing the annual return with appropriate attachments. Qualified IV-A Recipients Qualified IV-A recipients, as defined by the IRS, are: A person in the United States, Puerto Rico, or U.S. Virgin Islands that has been determined by a state, federal, or tribal employment agency or authority to be able to work in a minimum number of work hours per week. An eligible individual, who is able to perform work in the United States; or An individual the Secretary of Labor, in consultation with the Department of Health and Human Services, determines is able to perform work in the United States based on a written statement by such individual or any individual certified by such individual for that purpose. The Secretary of Labor may waive the requirements of this provision for an individual who has recently, but not less than six months, received a Federal Workforce Investment Act (FIA) award and who has received other relevant information, such as an FIA notice, from the recipient's school. If the Secretary of Labor determines an individual qualifies as a qualified IV-A recipient, the work opportunity grant and wages paid to the recipient shall, for purposes of subsection (b), be treated as wages paid to an individual who is not such a recipient.
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