|
Home New Categories Veterans Finders State Tax Credits
| |

Get a FREE
Discount Drug Card where you can save up to 75%
on prescription drugs at over 65,000 drug stores nationwide by clicking
here.
Dear Veteran,
First of all, thank you for your service to our country. I'm a veteran
of the Vietnam conflict.
As a recently released Veteran or a Veteran who's been on financial
assistance, you have hiring qualifications that are not available to everyone in
the work place.
The employer who hires you is entitled to a federal income tax credit and, as
such, will consider you ahead of another person with similar skills and
background. The trick is...most employers don't know about the credit.
How to determine if you qualify:
IRS Definitions (the official definitions) from www.irs.gov
| Unemployed Veteran:
A
veteran hired after 2008 and before 2011 who:
- Has
been discharged or released from active duty in the U.S. Armed Forces at any
time during the 5-year period ending on the hiring date, and
-
Received unemployment compensation under state or federal law for at least 4
weeks during the 1-year period ending on the hiring date.
- To be considered a veteran, the applicant
must have served on active duty (not including training) in the Armed Forces
of the United States for more than 180 days or have been discharged or
released from active duty for a service-connected disability.
Qualified Veteran:
A veteran who is any of
the following.
- A member
of a family receiving assistance under the Supplemental Nutrition Assistance
Program (SNAP) (food stamps) for at least 3-month period during the
15-month period ending on the hiring date.
- Entitled
to compensation for a service-connected disability and is hired not more than
1 year after being discharged or released from active duty in the U.S. Armed
forces.
- Entitled
to compensation for a service-connected disability and was unemployed for a
period or periods totaling at least 6 months (whether or not consecutive) in
the 1- year period ending on the hiring date.
To be
considered a veteran, the applicant must:
- Have
served on active duty (not including training) in the Armed Forces of the
United States for more than 180 days or have been discharged or released from
active duty for a service-connected disability, and
- Not have a period of
active duty (not including training) of more than 90 days that ended during
the 60-day period ending on the hiring date.
- To be
considered a veteran, the applicant must have served on active duty (not
including training) in the Armed Forces of the United States for more than 180
days or have been discharged or released from active duty for a
service-connected disability.
|
If you fit either of the descriptions above, you're part of the Work Opportunity Tax
Credit (WOTC) program which was originally created during the Clinton
Administration and recently re-vitalized by President Obama. He added the
"unemployed veteran" category (above) to his stimulus package of 2009.
Here's what you do:
- Print out the predetermination form 8850 from this website - click
here
- Print out the employer letter from this website -
click here.
- Copy the two pages of the 8850 onto one page, front to back at your local
copy store.
- Make multiple copies of both forms - you may not get the first job you use
this for.
- When you go on a job interview, fill out the top of the 8850 BUT DO NOT
SIGN OR DATE THE FORM and give it and the letter to your future
employer. The letter is self explanatory. There is a phone
number on the letter for the employer to call if they have any questions.
For your information, in order for the employer to claim you as a tax credit,
they need to have you sign the 8850 ON OR BEFORE YOUR HIRE DATE. They then
have to have you fill out another form. The employer then signs the back
of the 8850 and submits it to the state agency handling these credit.
CFO
Resources, Inc. handles all that for over 300 companies nationwide.
Its our hope that the company hiring you will call us to do the work - we charge
a small % of the credit they get.
We've also included a list of links for companies/organizations that work
with veterans and some tips on helping you find a job. Click
here .
Please feel free to call us at 888-236-7339, ext 2 if you have any questions
or have trouble with these forms - we'll be happy to send them to you.
Sincerely,
Ken Brice, President
| |
|