WOTC Updates https://www.goveda.org/forums/posts.aspx?topic=1548997 Sat, 13 Jun 2026 12:22:01 GMT Mon, 4 May 2020 17:30:57 GMT Copyright © 2020 Virginia Economic Developers Association WOTC Updates https://www.goveda.org/forums/posts.aspx?topic=1548997 https://www.goveda.org/forums/posts.aspx?topic=1548997 The Department of the Treasury and the Internal Revenue Service (IRS) recently issued Notice 2020-23.  Under the notice, a time sensitive act due to be performed on or after April 1, 2020, and before July 15, 2020, can be performed by July 15, 2020.  This includes the requirement, for an employer seeking to qualify to claim the Work Opportunity Tax Credit, to send IRS Form 8850 to a State Workforce Agency no later than 28 days after an individual begins working for the employer. Specifically, this applies to WOTC certification requests containing an employment start date on or after March 4, 2020 and on or before July 14, 2020.  As a result, under the notice, employers that otherwise would be required to submit IRS Form 8850 to a State Workforce Agency on or after April 1, 2020, and before July 15, 2020, have until July 15, 2020 to submit IRS Form 8850.

WOTC can save you up to $2,400 per eligible employee in federal income tax!  This is a rare retroactive opportunity.

Please feel free to reach out to Vrain if you have any questions or need additional information.

Take care and be safe!

Rodney M. Haynes
Director of Economic Development
POB 5271
Martinsville, VA 24112

Direct 276-403-5083
Mobile 276-345-8345
www.vraintaxcredit.com

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