Background. Work Opportunity Tax Credit (WOTC)
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2 Background. WOTC Target Groups. ewotc application (Classic ASP). Auto Determination Process. WOTC Letters(Classic ASP Creates DLL)..NET WAM. WOTC Scheduled Jobs. 2
3 Background. Work Opportunity Tax Credit (WOTC) The Work Opportunity Tax Credit program is a Federal tax credit available to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment. WOTC encourages employers to hire applicants from targeted groups by offering them a federal income tax credit. The WOTC can reduce an employer s federal tax liability up to $9,600 per new hire, depending on the target group.
4 WOTC Target Groups Qualified Temporary Assistance to Needy Families (Short-term TANF) Qualified Veterans ( SNAP*, Disabled, Unemployed) Qualified Ex-felons Qualified Designated Community Residents (residing in empowerment zone) Qualified Vocational Rehabilitation Referrals Qualified Summer Youths (residing in empowerment zone) Qualifies SNAP* Recipients ( Food Stamps) Qualified Supplemental Security Income Recipients (SSI) Qualified Long-term Family Assistance Recipients Qualified Long-term Unemployment Recipients * Snap: The Supplemental Nutrition Assistance Program (Food Stamps)
5 ewotc The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment. WOTC joins other workforce programs that incentivize workplace diversity and facilitate access to good jobs for American workers.
6 Who can access WOTC. Any employer and/or their authorized consultants with valid WOTC account can access the system and apply a Federal tax credit certificate. employer and/or their authorized consultants can request WOTC account by filling out an online application and send a valid security agreement form. See next slide.
7 Who can access WOTC.
8 Who can access WOTC.
9 How WOTC is accessed
10 How WOTC is accessed
11 How WOTC is accessed?
12 How WOTC is accessed
13 How WOTC is accessed
14 How WOTC is accessed
15 WOTC Options:
16 Account Profile:
17 View/Print Certification Status
18 View/Print Certification Status
19 Online WOTC Certification Request
20 Online WOTC Certification Request Form 9061:
21 Online WOTC Certification Request IRS Form 8850:
22 WOTC Single Certification Request Result Screen
23 Upload a Batch File
24 Upload a Batch File
25 Upload Supporting document
26 Upload Supporting document
27 Upload Supporting document
28 Update a Certification Request
29 Update a Certification Request
30 Auto Determination Process (Visual Basic.NET) System Interfaces: The WOTC software provides greater value to the WOTC program by interfacing with other systems. The following figure indicates WOTC's context in relation to the other systems it will interact with. Employers and consultants provide the WOTC program with new applications. Applications are received both electronically and in paper form Employers and consultants have the ability to check on the status of their application(s) and provide AWI with additional information when necessary.
31 Auto Determination Process (Visual Basic.NET) System Interfaces:
32 .NET WOTC Application Manager(WAM).
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