Late last week, the IRS released Notice 2013-14 providing transition relief due to the delay in the renewal of the Work Opportunity Tax Credit (WOTC), which previously expired on December 31, 2011. This transition relief provides taxpayers until April 29, 2013, to file a completed Form 8850 for employees hired:
- between January 1, 2012 and March 31, 2013 for all targeted categories, except qualified veterans, and
- between January 1, 2013 and March 31, 2013 for veteran category eligible individuals. This is a more limited time period because the veteran category continued to be in effect for the 2012 calendar year.