After you have provided us all of the information, and uploaded your payroll information, we will then prepare the tax package you need to send these to your tax preparer.
The tax packet you receive from us contains all the information you need to claim your tax credits. Simply pass this packet on to your tax preparer.
This will include information for:
Tax Exempt Organizations
While most non-profits cannot file for the Work Opportunity Tax Credit, there is a slight variation for qualified 501(c) tax-exempt organizations who are hiring veterans. These organization will be able to claim the credit on IRS Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans. It will be used as a credit against the employer’s share of Social Security tax. This credit will not affect the employer’s Social Security tax liability as reported on the organization’s employment tax return.