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Virginia Free Printable Form WRC - Worker Retraining Tax Credit Application for 2023 Virginia WRC - Worker Retraining Tax Credit Application

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WRC - Worker Retraining Tax Credit Application
Form WRC - Worker Retraining Tax Credit Application

Virginia Form WRC Worker Retraining Tax Credit Application Tax Year Ending ________, ______ File Form WRC, applicable schedules, and required enclosures by April 1. This credit must be approved before being claimed on your return. Approval of courses, apprenticeship programs, and manufacturingrelated orientation, instruction, and training programs is required. See the instructions for filing requirements prior to completing this application. Business Type:  Corporation   S Corporation   Sole Proprietor  Partnership   Limited Liability Company (LLC) Business Name FEIN / SSN Trading As NAICS Code Street Address City, State, ZIP Code Have you applied for any other credits this year? If yes, indicate which credit(s)__________________________________________ Part I: Description of Business Activities - Describe the principal activity of your business. Part II: Tax Credit Based on Noncredit Courses From a Community College or Private School Complete Schedule 1, then enter the total number of courses for which this credit will be claimed and the total credit requested. Complete a separate Schedule 1 for each noncredit course. See the instructions for more information. Total Tax Credit Requested for Noncredit Courses From Schedule 1 Total Number of Courses Total Credit Requested (Schedule 1, Column E) Part III: Tax Credit Based on Apprenticeship Programs Complete Schedule 2, then enter the name of each apprenticeship program approved by the Commissioner of Labor and Industry for which this credit will be claimed, the total cost, and credit requested. Program Name Total Number of Programs Total Number of Apprentices Total Credit Requested (Schedule 2, Column E) Part IV: Tax Credit Based on Manufacturing-Related Orientation, Instruction, and Training Programs Complete Schedule 3, then enter the total number of manufacturing-related orientation, instruction, or training programs for which this credit will be claimed and the amount of credit requested. Total Tax Credit Requested for Manufacturing-Related Orientation, Instruction, and Training Programs From Schedule 3 Total Number of Programs Total Credit Requested (Schedule 3, Line 8) Declaration I, the undersigned officer or other person authorized to act on behalf of the business entity, have read and understand the limitations and restrictions set forth for this credit application. Taxpayer Signature Title Printed Name Date Tax Preparer Signature Title Printed Name Date Preparer Address Va. Dept. of Taxation  1901042   Rev. 08/18 Phone Number Phone Number Form WRC Schedule 1 Page Worker Retraining Tax Credit Application for Noncredit Courses to be Approved by VEDP Complete a Schedule 1 for each course. of Name as it Appears on Form WRC FEIN or SSN List each noncredit course from a Virginia community college or a school approved by the Virginia Economic Development Partnership for purposes of claiming this credit. Complete a separate Schedule 1 for each course. See the definition of "eligible worker retraining" in the instructions before completing this schedule. A. Name of School VEDP USE ONLY Course is: Approved Type (Check One) B. Tax Year Ending ________, ______ Contact   Community College   Private School   Check if STEM or STEAM discipline Not Approved Phone Number Initials: __________ Course Number Course Title C. Course Description, Including Dates, and Prerequisites: Signature Name Printed Phone Number Qualifying Employees Taking Qualifying Noncredit Courses A qualified employee cannot be a relative of any owner or the employer claiming the credit and cannot own, directly or indirectly, more than 5% in value of the outstanding stock of a corporation claiming the credit. See the "Qualified Employee" section of the instructions. Column A Employee Name and SSN Column B Date Course Completed Column C Course Cost Column D Date Paid Column E Credit Requested* 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Total for This Page Enter on the First Schedule 1 Only – Total Amount from All Other Schedules 1 Completed Enter in Part II, Form WRC and Here – Total of All Schedules 1 Completed * 30% of Column C costs or, if a private school, up to $200 per qualified employee annually ($300 per qualified employee annually if the eligible worker retraining includes retraining in a STEM or STEAM discipline). Enclose this schedule with Form WRC along with a copy of all documentation used to complete this form including enrollment forms from the school showing classes taken and payments made. Form WRC Schedule 2 Page Worker Retraining Tax Credit Application Schedule – Retraining Courses Undertaken Through an Approved Apprenticeship Program Tax Year Ending ________, ______ of Name as It Appears on Form WRC FEIN or SSN Column A Employee Name and SSN* Column B School Name Check if: 1. Private STEM / STEAM 2. Private STEM / STEAM 3. Private STEM / STEAM 4. Private STEM / STEAM 5. Private STEM / STEAM 6. Private STEM / STEAM 7. Private STEM / STEAM 8. Private STEM / STEAM 9. Private STEM / STEAM 10. Private STEM / STEAM Column C Completion Course Name Date Column D Column E Course Credit Date Paid Cost Requested** Total of Column E for This Page Enter on the First Schedule 2 Only – All Other Schedules 3, Column E Totals Combined Enter on First Schedule 2 Only: Total Credit Requested for All Pages – Enter in Part III, Form WRC and Here – All Schedules 2, Column E Totals Combined *A qualified employee cannot be a relative of any owner or the employer claiming the credit and cannot own, directly or indirectly, more than 5% in value of the outstanding stock of a corporation claiming the credit. See the "Qualified Employee" section of the instructions. ** 30% of Column D costs or, if a private school, up to $200 per qualified employee annually or $300 per qualified employee annually if the eligible worker retraining includes retraining in a STEM or STEAM discipline. Enclose this Schedule with Form WRC. Also enclose a signed copy of: 1. An Apprenticeship Action Form is required for each student. Applications will not be processed without this form. Students without the form will be excluded from the credit amount granted. 2. Proof of payment by the employer. Form WRC Schedule 3 Page of Worker Retraining Tax Credit Application for Manufacturing-Related Orientation, Instruction, and Training Tax Year Ending ________, ______ A manufacturing-related orientation, instruction, and training program must be approved by the Virginia Economic Development Partnership to qualify for this credit. See the instructions before completing this schedule. Name as it appears on Form WRC FEIN / SSN Enclose Schedule 3 with Form WRC, along with an approval letter from the local school division and documentation of the direct costs incurred during the taxable year in conducting the orientation, instruction, or training program. If requesting credit for more than one program, complete a separate Schedule 3 for each program conducted during the taxable year. Part I – Enter the program information, including a detailed description of the manufacturing-related orientation, instruction, and training program. Enclose additional pages, if necessary. Part II – On Lines 1-4, enter the program cost(s) on the applicable line(s). On Line 6, calculate the allowable credit amount for the program listed in Part I of this page. On Line 7, enter the total credit requested from all pages combined. On Line 8, enter the lesser of the allowable credit amount or $2,000 then transfer this amount to Form WRC, Part IV, “Total Credit Requested” line. Part I – Program Information Program Name Instructor / Trainer Name Contact Name Contact Phone Number School District Name Program Date(s) Contact Email Address Location Street Address City State ZIP Code Course Description Part II – Credit Calculation 1. Salaries or wages paid to instructors and trainers, prorated for the period of instruction or training. .00 2. Costs for orientation, instruction, and training materials. .00 3. Amounts paid for machinery and equipment used primarily for instruction and training. .00 4. The cost of leased or rented spaced used primarily for conducting the program. .00 5. Total direct costs. Add Lines 1-4. .00 6. Total credit amount for this page only. Multiply Line 5 by 35% (.35). .00 7. Total credit amount from all Schedules 3 completed (enter on first Schedule 3 only). Add the amounts on Line 6 from each Schedule 3. .00 8. Credit requested: Enter the amount on Line 7 above or $2,000, whichever is less. Transfer this amount to Form WRC, Part IV, “Total Credit Requested” line. .00 VEDP Use Only Course is :  Approved   Not Approved Initials:_________________________ Instructions for Form WRC, Worker Retraining Tax Credit Application Summary of Filing Requirements Use this table to determine the application requirements for each type of training program for which the Worker Retraining Tax Credit will be claimed. See the instructions below for contact information and mailing addresses for the Virginia Economic Development Partnership (VEDP) and the Department of Taxation. If you are claiming the credit based on–– Complete Schedule(s)–– Complete these parts on Form WRC–– Submit application to–– Noncredit Courses Schedule 1 Parts I and II VEDP Apprenticeship Programs Schedule 2 Parts I and III Department of Taxation Manufacturing-Related Orientation, Instruction, and Training Programs Schedule 3 Parts I and IV VEDP Any combination of noncredit courses, apprenticeship programs, and manufacturing-related programs Schedules 1, 2, and 3 (as applicable) Part I and Parts II, III, IV (as applicable) VEDP General Information The Worker Retraining Tax Credit may be claimed by employers that provide qualifying retraining for their employees through noncredit classes or through an apprenticeship agreement approved by the Commissioner of Labor and Industry. Qualifying apprenticeship programs may include credit and noncredit classes. When claiming the credit on the basis of employee retraining, the credit is equal to: • 30% of all training costs for qualified employees who attend Virginia community colleges or a private school or an apprenticeship program, and • the actual costs up to $200 ($300 if the eligible worker retraining includes retraining in a STEM or STEAM discipline) per qualified employee annually for those employees who attend private schools. For taxable years beginning on and after January 1, 2018, but prior to January 1, 2022, the Worker Retraining Tax Credit may also be claimed by certain businesses primarily engaged in manufacturing. The businesses must conduct manufacturing-related orientation, instruction, and training programs in Virginia relating to the manufacturing activities of the taxpayer. To be eligible for the credit, the orientation, instruction, and training program must be approved by Virginia Economic Development Partnership (VEDP) and must: (i) provide orientation, instruction, and training solely to students in grades 6-12; (ii) be coordinated with the local school division; and (iii) be conducted either at a plant or facility owned, leased, rented, or otherwise used by the business or at a public middle or high school in Virginia. If claiming the credit on the basis of manufacturing-related orientation, instruction, and training programs, the credit is equal to 35% of the direct costs associated with the program, not to exceed $2,000. Direct costs include: • salaries or wages paid to instructors and trainers, prorated for the period of instruction or training; • costs for orientation, instruction, and training materials; • amounts paid for machinery and equipment used primarily for the instruction and training; and • the cost of leased or rented space used primarily for conducting the program. The total credit granted to all employers and businesses is limited to $1 million for each fiscal year. If the total qualifying credits exceed this amount, the credit will be prorated. Employers and businesses must apply for their share of the available credit by filing Form WRC with the VEDP or Department of Taxation, as applicable, to determine their proportionate share of the credit. Notification of the authorized credit amount must be received before the credit may be claimed on the tax return. This credit is nonrefundable, but excess credit may be carried forward for the next 3 taxable years. No credit can be carried back to a preceding taxable year. Applicability of the Credit If claiming the credit on the basis of noncredit classes or apprenticeship programs, the credit is allowable against individual income tax, estates and trusts tax, corporate income tax, bank franchise tax, insurance premiums license tax, and license tax on telegraph, telephone, water, heat, light, power, and pipeline companies. If claiming the credit on the basis of manufacturing-related orientation, instruction, and training programs, the credit is allowable against individual and corporation income tax. Definitions Eligible Worker Retraining – the retraining of a qualified employee that promotes economic development. Retraining of a qualified employee will promote economic development when the employment brings new income into Virginia, stimulates additional employment, improves existing processes, products or services, or is the basis for further economic growth. The retraining can be accomplished through: (i) noncredit courses at any Virginia community college or a private school or (ii) worker retraining programs undertaken through an apprenticeship agreement approved by the Commissioner of Labor and Industry. Manufacturing – processing, manufacturing, refining, mining, or converting products for sale or resale. Noncredit Courses include, but are not limited to: • specific job-related skills/studies; • computer training due to process or equipment change of entry-level computer skills (ongoing computer software upgrades are not included); • continuous improvements such as team building and quality training; • management and supervisory training; • safety and environmental training programs; and • credit or noncredit approved apprenticeship courses. Qualified Employee – an employee who works in a full-time position requiring a minimum of 1,680 hours in the normal year of the employer’s operation and standard fringe benefits are offered to the employee. Employees eligible to take credit or noncredit courses undertaken through a registered apprenticeship agreement must be employed in a full-time position requiring a minimum of 1,924 hours in the normal year of the employer’s operation unless otherwise approved by the Virginia Apprenticeship Council. A qualified employee shall not be a spouse, child, grandchild, parent or sibling of an employer, or in the case of a corporation, an individual that owns, directly or indirectly, 5% or more of the corporation’s stock. Employees in seasonal or temporary positions are not qualified for this program. Retraining – an upgrade in training for existing employees, which is identified as essential to the production or distribution of a product, rendering services or retraining provided through an apprenticeship agreement approved by the Virginia Apprenticeship Council. Standard Fringe Benefits – benefits that a particular employer offers to its full-time employees. STEM or STEAM discipline – a science, technology, engineering, mathematics, or applied mathematics related discipline as determined by the VEDP in consultation with the Superintendent of Public Instruction. The term also includes a health-care related discipline. Training Costs – instruction, instructional materials, facilities fees and other costs determined to be necessary to the delivery of the training. Trainee wages and curriculum development costs are not covered. Process Overview For Claiming This Credit To claim the credit, you must complete a 3-step process. Step 1: Determine Eligibility of Programs for Credit Noncredit Courses To qualify, employers must retrain employees through noncredit courses. To determine if the training will qualify for this credit, complete Parts I and II, and Schedule 1 of Form WRC and send it to Virginia Jobs Investment Program, Virginia Economic Development Partnership, 901 East Cary Street Richmond, Suite 900, VA 23219. For questions, call (804) 545‑5706. VEDP will determine if the course qualifies as eligible retraining. VEDP will forward this determination to the Department of Taxation for Step 2. Apprenticeship Programs To qualify, employers must retrain employees in a Commissioner of Labor and Industry approved program. For program information, call Department of Labor and Industry at (804) 786-8009. File Form WRC, completing Parts I and III and Schedule 2 (see Exception below), with the Department of Taxation, Tax Credit Unit, P.O. Box 715, Richmond, VA 23218-0715, to determine program applicability and authorized credit. EXCEPTION: If applying for retraining credits for noncredit courses or manufacturing-related orientation, instruction and training programs and an apprenticeship program, complete the appropriate parts of Form WRC and file it with VEDP. After processing Schedule 1 and/or Schedule 3, VEDP will send Form WRC to the Department of Taxation. Manufacturing-Related Orientation, Instruction, and Training Programs To qualify, businesses that are primarily engaged in manufacturing must conduct orientation, instruction, and training relating to the manufacturing activities undertaken by the business and meet the criteria listed in the General Information section above. Complete Form WRC, Parts I and IV and Schedule 3. File the form and enclosures with Virginia Jobs Investment Program, Virginia Economic Development Partnership, 901 East Cary Street Richmond, Suite 900, VA 23219. VEDP will determine if the course qualifies as an eligible manufacturing-related orientation, instruction, and training program. VEDP will forward this determination to the Department of Taxation for Step 2. Step 2: Requests for Additional Information and Notification of Authorized Credit Additional Information If the VEDP or the Department of Taxation needs additional information, they will contact you by May 1 and you will have until May 15 to respond. If you have not received acknowledgment of your application from the Department of Taxation by May 31, call (804) 786‑2992. The Department of Taxation will issue the credit by June 30. If you have not received your credit certification by July 15, please call (804) 786‑2992. See the definitions listed in these instructions before completing Schedule 2 to ensure that the training costs and employees listed qualify for the credit. Extension of Time for Filing Part IV: Credit Based on Manufacturing-Related Orientation, Instruction, and Training If the tax return upon which this credit will be claimed is due on or before May 1, you may need to file an automatic extension payment for any tax due or file an amended return upon receipt of the credit information. Step 3: Claim Worker Retraining Tax Credit on Your Return Credit will be granted for manufacturing-related orientation, instruction, and training programs approved by the VEDP. Complete Form WRC, Schedule 3. After receiving notification of authorized credit, you may claim the credit on the applicable Virginia tax return. See the tax return instructions for computation and enclosure details. If additional space is needed for the course description, attach a separate page. If you are claiming the credit for more than one program conducted during the taxable year, complete a separate Schedule 3 for each program. Enter the total number of programs in the space provided in Part IV, Form WRC. Instructions For Completing Form WRC When and Where To File Form WRC Claiming the credit is a multi-step process. Complete Form WRC and the required schedules using the definitions listed earlier in these instructions. To assist you in completing Schedules 1, 2, and 3 correctly, review these definitions: Eligible worker retraining, qualified employee, noncredit courses, retraining, standard fringe benefits and training costs. File Form WRC no later than April 1 in order for the qualification process to be completed. Forms received after that date may not be processed and credit may not be approved. Part I: Description of Business Activities Enter the principal activity of the business. Part II: Credit Based on Noncredit Courses From a Community College or Private School Credit will be granted for retraining through noncredit courses approved by the VEDP. Complete Form WRC, Schedule 1. If additional space is needed, enclose a separate page. Complete a separate Schedule 1 for each course for which the credits are requested. Enter the total number of courses and total credit requested for training costs for approved courses in the space provided in Part II of the Form WRC. Part III: Credit Based on Apprenticeship Programs Credit will be granted for apprenticeship programs (approved by the Commissioner of Labor and Industry) which meet the qualifications for this credit. See the definitions provided earlier in these instructions, before completing this section. Complete Form WRC, Schedule 2. • If you have more than one school, use a separate Schedule 2 for each school. • Enter the student names in alphabetical order. • If including additional summary worksheets, submit one worksheet for each school and complete all fields as listed on Schedule 2 (list student names in alphabetical order, school name, course name, etc.). • Organize each school in a separate folder with Form WRC, Schedule 2, invoices, Labor Department Apprenticeship Form and copies of E-checks or canceled checks. File Form WRC, Schedule 1 and/or Schedule 3, and required enclosures with VEDP if applying on the basis of–– • Noncredit courses; • Manufacturing-related orientation, instruction, and training programs; • Any combination of noncredit courses, apprenticeship programs, and manufacturing-related programs; Mail to: Worker Retraining Tax Credit Application Virginia Jobs Investment Program Virginia Economic Development Partnership 901 East Cary Street Suite 900 Richmond, VA 23219 File Form WRC, Schedule 2, and all required enclosures with the Department of Taxation if applying on the basis of apprenticeship programs only. Mail to: Tax Credit Unit Virginia Department of Taxation P.O. Box 715 Richmond, Virginia 23218-0715 What To Enclose with Form WRC If Schedule 1 of Form WRC was completed, enclose a copy of the documentation used to complete Schedule 1, including enrollment forms from the school/college showing the courses taken and payment by the employer. If Schedule 2 of Form WRC was completed, enclose a signed copy of the Apprenticeship Action Form, Apprenticeship Related Instruction Enrollment Form, and proof of payment by employer. If Schedule 3 of Form WRC was completed, enclose an approval letter from the local school division and documentation of direct costs incurred during the taxable year in conducting manufacturing-related orientation, instruction, and training programs. Acceptable documentation includes, but is not limited to, calculations of salary prorations, receipts for materials, receipts for equipment, and lease agreements for leased or rented space. Pass-Through Entities The Virginia Department of Taxation will issue a credit certification letter specifying the amount of credit authorized to each partnership, S corporation or limited liability company qualifying to claim a portion of this credit. Each pass-through entity must file Form PTE with the Department of Taxation within 30 days after the credit is granted. This information should be sent to: Department of Taxation, ATTN: Tax Credit Unit, P.O. Box 715, Richmond, VA 23218-0715 or you may fax it to (804) 774-3902. All pass-through entities distributing this credit to their owner(s), shareholders, partners, or members must give each a Schedule VK‑1, Owner’s Share of Income And Virginia Modifications And Credits. Where To Get Help Write to the Virginia Department of Taxation, Tax Credit Unit, P.O. Box 715, Richmond, VA 23218-0715 or call (804) 786‑2992. To order forms, call (804) 367-8031. Visit www.tax.virginia.gov for most Virginia tax forms and additional tax information. Forms are also available from the office of your local Commissioner of the Revenue, Director of Finance, or Director of Tax Administration. Virginia Tax Bulletin 99-4, dated April 5, 1999, provides additional information on the Worker Retraining Tax Credit and how the credit applies. To obtain this bulletin, visit our website or write to the address provided above.
Extracted from PDF file 2020-virginia-form-wrc.pdf, last modified August 2018

More about the Virginia Form WRC Corporate Income Tax Tax Credit

This credit must be approved before being claimed on your return. Approval of courses, apprenticeship programs, and manufacturing related orientation, instruction, and training programs is required. See the instructions for filing requirements prior to completing this application.

We last updated the WRC - Worker Retraining Tax Credit Application in April 2021, and the latest form we have available is for tax year 2020. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Virginia Department of Taxation. You can print other Virginia tax forms here.


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Other Virginia Corporate Income Tax Forms:

TaxFormFinder has an additional 135 Virginia income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 500 Corporate Income Tax Return
Form 500C 500C - Underpayment of Estimated Tax by Corporations
Form 770IP Virginia Fiduciary and Unified Nonresident Automatic Extension Payment
Form 502 Pass-Through Entity Return of Income
Form 502 VK-1 Owner's Share of Income and Virginia Modifications and Credits

Download all VA tax forms View all 136 Virginia Income Tax Forms


Form Sources:

Virginia usually releases forms for the current tax year between January and April. We last updated Virginia Form WRC from the Department of Taxation in April 2021.

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Form WRC is a Virginia Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Virginia Form WRC

We have a total of nine past-year versions of Form WRC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form WRC

Form WRC - Worker Retraining Tax Credit Application

2018 Form WRC

Form WRC - Worker Retraining Tax Credit Application

2017 Form WRC

Form WRC - Worker Retraining Tax Credit Application

2012 Form WRC

WRC Black 12 04 12 .indd

2011 Form WRC

WRC final 12 21 11 .indd


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