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Form8850Spanishpdf - Mars Stout: What You Should Know

You should review the Tax Preparation page The ROTC work opportunity credit is not allowed for employees who do not work during the ROTC service year.  See the ROTC page of Tax Court to see if you meet this condition. Also see the Work Opportunity Tax Credit Work Zone page for other requirements and eligibility requirements. The IRS has set strict rules for the processing of Form 8850 which require some verification and information before it may be accepted and is made part of your IRS record. The IRS cannot tell you who is going to be approved to claim the work opportunity credit from the data provided by your organization. But, you can use the information listed in the link above to make an educated decision about whether you qualify for the credit. The work incentive credit will be added to your current income tax liability. It may also be subject to a penalty if you are not actively seeking employment during the credit period. If your organization has been approved to claim the credit during a certain time, but you do not meet the work year qualifying requirement or do not qualify for the credit (e.g., work a total of 25 weeks during the work year), contact your HR representative at the Internal Revenue Service (IRS). If you are not claiming this additional credit and your organization is approved to claim the credit during a certain time period (e.g., work a total of 90, 85 or 50 weeks during the credit year), you should contact your HR representative at the Internal Revenue Service (IRS) to let them know so that the tax period can be extended. IRS will require you to file your Form 8850 for the work opportunity credit within a certain time period after you are approved.

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