IRS announces last date as October 17th for Businesses that are planning to make a claim for work opportunity tax credit that is eligible for veterans who are unemployed and disconnected young workers who were hired before mid of September. You have to really hurry if you want to get the certification for these workers.

A notice that was released in August announced the extension of last date from August 17th to October 17th and also clarified all doubts regarding the definition of disconnected youth.

One can use the revised Form 8850 on the IRS.gov website to fill the details regarding the request of certification from one’s state workforce agency.

Normally businesses are expected to file for this form within 28 days after the worker who is eligible starts working. But now you can file it for eligible employers who have begun work between January 1st 2009 to September 17th 2009,in a couple of days.There is a separate instruction form alloted in the IRS website to guide you through the process.

Take advantage of this  extension of last date and hurry to claim for the certification!!!

If you think all the sectors in America are hit by recession then think again, besides installing solar energy panels, the IRS, a vanguard organization for public services has plenty of job opportunities available with it.

President Obama believes that an 8% hike would aid IRS in collecting an additional $17 Bn taxes via rampant tax enforcements. Obama has thereby increased the funding for IRS by $400 million for the 2010 fiscal year.

I see the noose tightening around corporate giants as the IRS Commissioner, Doug Shulman remarked that most of the funding would be used to monitor and enforce taxes on the international operations of such companies. The Obama administration intends to keep a tab on businesses that push filing for taxes by blaming the delay or lack of payment of taxes on the complexness of the capital markets overseas.

Read the full story