Form 5884 Rev December Fill in Capable Work Opportunity Credit

Instructions and help about Form 5884 Rev December Fill In Capable Work Opportunity Credit

going over IRS form 5884 work Opportunity credit this is a fairly straightforward form it's one page you see it the entirety of this form on the screen in front of you however there are some points of clarification that we'll need to go through as we proceed through this form so a couple of background pieces of information employers use form 5884 to claim the work opportunity tax credit for qualified first and or second year wages paid to or incurred for Target group employees during the tax year so um basically we'll get into a little bit more detail about what Target group employees are because only certain employees based on certain criteria are able to have their wages considered for the work Opportunity credit now employers can claim or elect not to claim the work Opportunity credit anytime within the three years from the due date of your tax return either on the original return or an amended return uh to claim this tax credit Partnerships s corporations co-ops Estates and Trust m