MARS STOUT's tax credit specialists conduct extensive tax credit research, ensuring that our clients capitalize on all existing and emerging credits and incentives. The federal incentives listed below have helped to stimulate job development, create new business expansion and revitalize economically depressed areas. Publication 954 can provide additional information about these credits.
Work Opportunity Tax Credit (WOTC) is a federal tax credit that encourages employers to hire targeted groups of job seekers by reducing employers' federal income tax liability by as much as $2,400 - $9,000 per qualified worker.
Form 8850 / Form 9061 / Form 5884

Welfare-to-Work Tax Credit (WTW) is a federal tax credit that encourages employers to hire long-term welfare recipients. This tax credit can reduce employers' federal tax liability by as much as $9,000 per qualified worker.
Form 8850 / Form 9061 / Form 8861

Empowerment Zone Employment Credit (EZ Wage Credit) gives businesses an incentive to retain or hire individuals who both live and work in an Empowerment Zone (EZ). (Individuals who work in the DC Enterprise Zone may live anywhere in the District of Columbia.) Businesses can claim the credit if they pay or incur "qualified zone wages" to a qualified employee. The credit can be as much as $3,000 per qualified employee per year for the EZ Wage Credit.
Form 8844

Renewal Community Employment Credit (RC Wage Credit) gives businesses an incentive to retain or hire individuals who both live and work in a Renewal Community (RC). Businesses can claim the credit if they pay or incur "qualified zone wages" to a qualified employee. The credit can be as much as $1,500 per qualified employee per year for the RC Wage Credit.
Form 8844
Indian Employment Tax Credit (IETC) provides businesses with an incentive to hire and retain individuals who are enrolled members of an Indian tribe (or the spouse of an enrolled member) who live on or near an Indian Reservation. The majority of the services performed by the employee must take place on the Indian reservation. The credit is calculated on wages (including employee health insurance costs) of up to $20,000 per employee. This credit can be worth as much as $4,000 per qualified employee.
Form 8845

New Markets Credit Businesses may claim a tax credit for a qualified equity investment in a qualified community development entity (CDE) made after April 19th, 2001. Over a 7 year period, 39% of an investment may be claimed for this New market credit.
Form 8874