Can the new hire retention credit offset the business Alternative Minimum Tax?
A16: No, the new hire retention credit cannot be used to offset the business Alternative Minimum Tax. Q17: Will the business deduction for compensation be reduced and or affected by the new hire retention credit? A17: No. FAQs About Retained Workers Q18: Is the requirement that a retained worker remain an employee for at least 52 consecutive weeks relevant only for purposes of the new hire retention credit? A18: Yes, the 52-week requirement is used to determine eligibility for the new hire retention credit. It is not a requirement for the payroll tax exemption. Q19: When does the period start for determining whether a qualified employee has been employed for at least 52 consecutive weeks? A19: The period for determining whether a qualified employee has been employed for at least 52 consecutive weeks starts on the date the employee begins employment with the employer. Refer to QE17 on FAQs About Qualified Employees. Q20: Does an employee have to work during the entire 52 consecutive wee
