Get Irs 5884-c 2020

This guide provides a comprehensive walkthrough for filling out the IRS 5884-C form online. Designed for qualified tax-exempt organizations hiring veterans, this document will help users navigate the essential components and requirements of the form efficiently.

Follow the steps to complete your IRS 5884-C form online.

1. Click ‘Get Form’ button to access the IRS 5884-C and open it in your preferred online editor.
2. Begin by entering your employer identification number (EIN) at the top of the form.
3. Provide the organization's name as listed on your Form 941 or other employment tax return.
4. Input the trade name, if applicable, followed by the organization's address, including the street, city, state, and ZIP code.
5. In line 1, select ‘Yes’ if the organization meets the qualifications of a tax-exempt organization as defined by section 501(c). If not, do not proceed with this form.
6. On line 2, select the applicable employment tax return that the organization filed, such as Form 941, Form 943, or Form 944.
7. For line 3, check the box for the employment tax period for which the organization is claiming the credit, indicating the appropriate year and quarter.
8. For line 4, enter the total qualified first-year wages paid to certified qualified veterans who began working for your organization on or after November 22, 2011, considering those who worked at least 400 hours.
9. Multiply the amount entered in line 4 by 26% and enter this value in line 4b.
10. For line 5, repeat the process for those who worked at least 120 hours but less than 400 hours, entering the total qualified first-year wages and multiplying by 16.25% for 5b.
11. Add the amounts from lines 4b and 5b and enter the total on line 6.
12. Enter previously claimed credits from past Forms 5884-C in line 7.
13. If applicable, follow the computations in lines 8 through 10 to determine the credit for the current period.
14. Sign and date the form where indicated, ensuring that it is signed by an authorized officer of the organization.
15. Submit the completed form by mailing it to the address specified on the form, keeping a copy for your records.

Complete your IRS 5884-C form online today to ensure you take advantage of available credits for hiring qualified veterans.