Instructions for IRS Form 8850 Pre-screening Notice and Certification Request for the Work Opportunity Credit

IRS Form 8850 Pre-screening Notice and Certification Request for the Work Opportunity Credit

This document contains official instructions for IRS Form 8850 , Pre-screening Notice and Certification Request for the Work Opportunity Credit - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 8850 is available for download through this link.

FAQ

Q: What is IRS Form 8850?A: IRS Form 8850 is a document used to request certification for the Work Opportunity Credit.

Q: What is the Work Opportunity Credit?A: The Work Opportunity Credit is a tax credit available to employers who hire individuals from certain targeted groups.

Q: Who should file IRS Form 8850?A: Employers who want to claim the Work Opportunity Credit should file IRS Form 8850.

Q: What information is required on IRS Form 8850?A: IRS Form 8850 requires information about the employer, the employee, and the targeted group the employee belongs to.

Q: When should IRS Form 8850 be filed?A: IRS Form 8850 should be filed within 28 days of the employee's start date.

Q: Is there a deadline for filing IRS Form 8850?A: Yes, IRS Form 8850 must be filed no later than the day the employer files their federal tax return for the year.

Q: What happens after filing IRS Form 8850?A: After filing IRS Form 8850, the employer will receive a certification or denial from their state workforce agency.

Q: How long is the certification valid?A: The certification obtained through IRS Form 8850 is valid for 120 days from the employee's start date.

Q: Can the Work Opportunity Credit be carried forward?A: Yes, unused portions of the Work Opportunity Credit can be carried forward to future years if they cannot be fully used in the current year.