Electronic filing and signatures reduce costs, expedite processing and help the environment
October 15, 2015
The IRS allows, and in some cases requires, electronic filing of many tax forms, enabling taxpayers to receive any potential refunds much faster than if they were sent using traditional mail. Many states are following suit for the Work Opportunity Tax Credit (WOTC).
Twenty-three states plus Washington D.C. allow electronic filing for WOTC, and many more are establishing the means to do so. Each state tends to use its own system, but several states use the same technology. Electronic filing eliminates paper waste and streamlines the process, making it more efficient and accurate. Automating the WOTC process is especially beneficial for understaffed states with small budgets, because it significantly improves turnaround for applications and certifications.