Form 8850
Encyclopedia
Form 8850 is a United States Internal Revenue Service
(IRS) tax form entitled "Pre-Screening Notice and Certification Request for the Work Opportunity Credit".
The form is used in implementation of the federal government
's Work Opportunity Tax Credit program, which provides federal tax credit
s as incentives for employers of low-income youth participating in summer work programs, former welfare recipients, food stamp recipients, people referred from vocational rehabilitation programs, military veterans, ex-felons, and people receiving Supplemental Security Income
.
Although it is an IRS form, Form 8850 is filed with the state
workforce or employee security agency to request certification that a newly hired employee is a member of an eligible group. Employers are required to complete the form to be eligible for City of Chicago
tax incentives to employ the city's "Welfare to Work" participants.
Internal Revenue Service
The Internal Revenue Service is the revenue service of the United States federal government. The agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue...
(IRS) tax form entitled "Pre-Screening Notice and Certification Request for the Work Opportunity Credit".
The form is used in implementation of the federal government
Federal government of the United States
The federal government of the United States is the national government of the constitutional republic of fifty states that is the United States of America. The federal government comprises three distinct branches of government: a legislative, an executive and a judiciary. These branches and...
's Work Opportunity Tax Credit program, which provides federal tax credit
Tax credit
A tax credit is a sum deducted from the total amount a taxpayer owes to the state. A tax credit may be granted for various types of taxes, such as an income tax, property tax, or VAT. It may be granted in recognition of taxes already paid, as a subsidy, or to encourage investment or other behaviors...
s as incentives for employers of low-income youth participating in summer work programs, former welfare recipients, food stamp recipients, people referred from vocational rehabilitation programs, military veterans, ex-felons, and people receiving Supplemental Security Income
Supplemental Security Income
Supplemental Security Income is a United States government program that provides stipends to low-income people who are either aged , blind, or disabled. Although administered by the Social Security Administration, SSI is funded from the U.S. Treasury general funds, not the Social Security trust fund...
.
Although it is an IRS form, Form 8850 is filed with the state
U.S. state
A U.S. state is any one of the 50 federated states of the United States of America that share sovereignty with the federal government. Because of this shared sovereignty, an American is a citizen both of the federal entity and of his or her state of domicile. Four states use the official title of...
workforce or employee security agency to request certification that a newly hired employee is a member of an eligible group. Employers are required to complete the form to be eligible for City of Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
tax incentives to employ the city's "Welfare to Work" participants.
External links
- Form 8850 at the IRS website
- IRS Instructions for Form 8850