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Work Opportunity Tax Credit Program
Full Scale Provider of Work Opportunity Tax Credit Services
AmCheck can help you take advantage
of the Work Opportunity Tax Credit while relieving you of the administrative
hassles - and you only pay AmCheck fee if your company gains tax
savings.
Through AmCheck, each new employee you
hire fills out a pre-screening form and an IRS 8850 form. We retrieve
all necessary information and documentation to certify the benefits
for your company, then provide a monthly report outlining the credits
earned on each employee. These credits can be carried back one year,
applied against estimated tax payment, or carried forward for twenty
years. Your company can receive a tax credit of up to 40% of the
first $6,000 in wages paid to an employee who is a member of one
of the following:
- A family receiving AFDC benefits
- Qualified veterans
- Vocational rehabilitation referrals
- Summer youths
- Ex-offenders
- Supplemental Security Income (SSI) recipients
- Member of a family receiving food stamp benefits
- High-risk youths
To qualify, the employee must:
- be a new hire
- fit within the targeted group
- fill out an IRS 8850 prescreening form prior to being hired
- work a minimum of 120 hours.
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