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Tax Credit Consulting: Work Opportunity Tax Credit Portales NM

Tax credits are often used to encourage activities that are considered beneficial to the society. The credits become political issues that reflect the goals of the Government as well as providing relief to deserving taxpayers. Read more.

Mrs. Natalie Voskresensky (RFC®), MBA
(505) 858-2443
2 Juniper Hill Rd NE
Albuquerque, NM
Company
PLAN RIGHT, LLC
Qualifications
Education: MBA, Accounting Concentration
Years of Experience: 13
Membership
IARFC
Services
Invoice, Business Planning, personal Coach, Retirement Planning, Tax Returns, Employee Benefits, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Auto Home Insurance, Asset Protection, LiabCover

Data Provided by:
Liberty Tax Service
(866) 871-1040
2617 N White Sands Blvd # E
Alamogordo, NM

Data Provided by:
H&R Block
(575) 546-1060
1021 E PINE ST
DEMING, NM

Data Provided by:
Income Tax Express NM
(505) 288-9955
3730 Coors Blvd NW, Ste E
Albuquerque, NM
 
H&R Block
(505) 473-7591
3517 ZAFARANO drSTE A23
SANTA FE, NM

Data Provided by:
Max Leach (RFC®), CLU, RFP
(505) 344-2255
10308 Candelaria NE #345
Albuquerque, NM
Qualifications
Education: BS
Years of Experience: 16
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Charitable Planning, BuySell, LiabCover, Compensation Plans

Data Provided by:
Moye Tax Svc
(505) 873-2446
2425 Alamo Ave SE Ste C
Albuquerque, NM

Data Provided by:
H&R Block
(505) 334-2552
207 MAIN ST
AZTEC, NM

Data Provided by:
Liberty Tax Service
(866) 871-1040
1112 San Pedro Dr Ne
Albuquerque, NM

Data Provided by:
H&R Block
(575) 434-1761
805 WHITE SANDS blvdSTE B
ALAMOGORDO, NM

Data Provided by:
Data Provided by:

Tax Credit Consulting: Work Opportunity Tax Credit

Work Opportunity Tax Credit

The Work Opportunity Tax Credit was extended to 2011 and provides tax credits to employers to encourage them to hire employees from targeted groups.

Work Opportunity Tax Credit

Tax credits are often used to encourage activities that are considered beneficial to the society. The credits become political issues that reflect the goals of the Government as well as providing relief to deserving taxpayers. The Work Opportunity Tax Credit is a good example of this type of Tax Credit. The credit was started in 1996 and has been extended by Congress and will remain in force until 2011. The Work Opportunity Tax Credit, often known as WOTC, encourages employers to hire workers that might otherwise find it hard to find employment.

The employees are called targeted employees. The groups of targeted employees include such groups as ex-felons and people receiving Food Stamps or other forms of Welfare. Other targeted groups were veterans on Food Stamps and members of families receiving various forms of public assistance. The program was politically motivated by the idea of moving more people from the welfare rolls to the workforce. This issue was very popular in the mid 1990's when the credit was begun and remains a hot political issue today.

In its original form the Work Opportunity Tax Credit was a set amount that could be claimed by the employer when he hired an eligible employee during the tax period. The new version allows a percentage of the employees earning to be claimed rather than a set amount. There are certain restrictions in place also. The employees can not be former employees in any way or manner. This is regardless of how long ago the employee had been employed or for how long. Family members of business owners were ineligible as well.

The program has received a great deal of support from the employment services of the various States. Many States pass out information to potential employers informing them of the credit, e...

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