26 Feb 2025
💼IRS Notice
Proposed Collection; Requesting Comments on Form 8850
Summary
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Credit.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
The notice relates to Form 8850, which is crucial for businesses seeking work opportunity credits to incentivize hiring from targeted groups. This form impacts compliance requirements and financial assistance through tax credits, making it significant for business owners.