Webinar: Retro WOTC Extended Again – Understanding the Federal Guidance
The IRS has extended the previous retro WOTC “transition relief” period for all WOTC categories to August 31, 2016.
WOTC, or Work Opportunity Tax Credit in full, is a lucrative program for employers. But employers must follow certain federal guidance to receive the credits for employees hired while the program was in hiatus. The webinar reviews the key elements of this federal guidance.
The guidance addresses:
- Processing of 2015 requests for certification
- Retroactive certification for 2015 hires
- Status of WOTC forms, including Form 8850 submitted in 2015 and in 2016 for the new Long-Term Unemployment Recipient category
Mr. Migdail discusses the scope of that new category, along with the guidance issued by the Department of Labor on how employees can provide proof of eligibility through a Self-Attestation Form. We reviewed the process for submitting these forms and how the states have said they plan to interpret this guidance.
Evan Migdail is a partner at DLA Piper, who has worked extensively with WOTC since its original enactment in 1996 and with its predecessor program, the targeted jobs credit. Mr. Migdail will also discuss prospects for the extension this year of the empowerment zone and Indian Employment credits that will otherwise expire on December 31.
Mr. Migdail was joined by Jason Fry, a Senior Director at Equifax Workforce Solutions, who will discuss best practices for conducting retro screenings and maximizing the tax impact from this opportunity.
Download the webinar recording to learn more about how you can leverage this opportunity.
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