January 11, 2016
Long Island Business News cites Marcum Tax Flash in article about the landmark Extender Bill.
By Claude Solnik
Manhattan-based Marcum, with Long Island offices in Melville, noted that the Work Opportunity Tax Credit only kicks in if paperwork is taken care of in a timely fashion.
New hires must complete WOTC forms, which must be submitted to the federal government within 28 days of the hiring.
The government also permanently instated various provisions for individuals, such as state and local sales tax itemized deductions and tax-free contributions from IRAs made to charities for people at least 70½ years old.
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