work opportunity tax credit Articles

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IRS Issues Guidance on Work Opportunity Tax Credit

March 13, 2016

IRS Issues Guidance on Work Opportunity Tax Credit

The IRS issued guidance expanding the definition of "targeted individuals" for whom employers may claim a Work Opportunity Tax Credit. Specifically, the IRS added qualified long-term unemployment recipients, effective January 1, 2016. The IRS is also modifying the applicable forms employers use to claim a Work Opportunity Tax Credit.

Congress Passes Tax Extenders Legislation, Including Biodiesel Blenders Credit

December 18, 2015

Congress Passes Tax Extenders Legislation, Including Biodiesel Blenders Credit

Congress passed a tax extenders package that contains a clean, two-year extension of the biodiesel blenders credit (retroactive to Jan. 1, 2015). This is a significant victory for NATSO and the fuel marketing community. After months of intense advocacy efforts opposing a shift from a blender credit to a producer credit, Congress ultimately agreed with NATSO that a blenders credit is better for consumers and the best way to encourage domestic consumption of biodiesel.