UPDATE ON WOTC TRANSITION RELIEF PROGRAM ANNOUNCED 3/7/2016. On 6/17/16, the Department of Labor (DOL) issued formal guidance on the proper handling and filing of WOTC applications for hires that fall under Transition Relief (hires that started from 1/1/15 until now that were not filed within 28 days of start date). The DOL announcement also includes an extension of the filing grace period to 9/29/16 (an additional three months past the originally announced 6/29/16 deadline.
DOL guidance included the new Long-Term Unemployed (LTU) target group and its accompanying, new, Self-Attestation Form- ETA 9175. DOL also released a new ETA 9061 form that includes the LTU category.
The BOTTOM LINE for you is this:
- If you are not doing WOTC now, you will reap enormous benefits since you can submit WOTC forms for 21 months of hires. But you must do so no later than 9/29/16. This window of time is unprecedented in the history of WOTC.
- If you started WOTC at some time AFTER 1/1/15, you can go back and screen hires from 1/1/15 to the time they started on WOTC. But you must do so no later than 9/29/16. (The new LTU category is for hires 1/1/16 to present).
- If you were not all that good at sending in WOTC forms to the state WOTC office or WOTC consultant, now it the time to make up for those omissions, and submit WOTC forms for those people that you missed. But you must do so no later than 9/29/16.
A link to the IRS announcement 2016-22: https://www.irs.gov/pub/irs-drop/n-16-22.pdf
The R. JEFFREY & ASSOCIATES DIFFERENCE
- Catering to the special needs of non-Fortune 1000 companies
- Available online WOTC screening. Also offers paper screening to those businesses that do not have access to a computer for screening
- Customized start-up training. Follow-up reminders to keep you in compliance with WOTC
- Payroll data feed option available
Contact our CEO, Jeff Newcorn today to find out how much credit you are leaving unclaimed each year.