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2020 - 2020 IRS Forms W2 and W3 - Recent changes, which payments go in what boxes, Deadlines, do's and don'ts for Employees and Employers, and much more

Date2020-12-16

Deadline2020-12-16

VenueOnline event, USA - United States USA - United States

Keywords2020 IRS Forms; Form W2; Form W3

Websitehttps://bit.ly/2K5QkVs

Topics/Call fo Papers

OVERVIEW
The IRS requires employers to report wage and salary information for employees on Form W-2. Your W-2 also reports the amount of federal, state and other taxes withheld from your paycheck.
As an employee, the information on your W-2 is extremely important when preparing your tax return. Sounds simple, doesn't it?
There are 20 boxes on the W2, and 34 codes to use in box 12 alone. If your compensation structure includes benefits, are subject to FMLA, grant a myriad of cafeteria plan benefits, have employees who work in more than one state, etc this form is far from simple.
There are changes most every year of one sort or another, and even the best maintained of payroll systems can miss some important edits. This can result in the forms being kicked back, which results in penalty and interest assessed on EACH W2 filed late. Further, if what’s on them doesn’t match your employees' tax returns, they face penalties and even audits.
AREA COVERED
We will break down the W2 box by box, detailing all payments that get reported
We will discuss form reporting requirements
You will learn how to reconcile the W2 with the W3, 941s and other forms; incorporating all changes made to payroll amounts during the calendar year
You will be able to assist employees with their inevitable questions about the numbers on their form W2
WHY SHOULD YOU ATTEND
After attending this webinar, you will be able to:
Incorporate What's New for 2020
Revise General Guidelines to Ensure You are in Full Compliance The W2 Box by Box - What payments go where
Common Errors on W-2s - avoid these to avoid kickback
Special Situations that affect most employers
Know where to go for more complete information
How to Reconcile to W3 and 941s
Most every change made in payroll tax regulation directly affects W2s in one way or another. The COVID-19 relief generated by Congress and the White house is no exception. Learn what these are and how they affect the W2
Deadlines have recently been shortened, and there are mandates for electronic filing. But not all IRS forms must be filed at the same time. Learn the latest deadlines, and how to get an extension if needed
Review which copies go to where. Know when you need multiple state copies for some workers
Anticipate questions from your workers
Get a more complete understanding of information you need for completion and reconciliation after the last payroll date of the calendar year
WHO WILL BENEFIT?
Auditors
Payroll Managers and Staff
Dept or Functional Managers
Accountants
Executives
Hiring and other HR personnel
SPEAKER
Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of 20 ongoing audits, from small home-based businesses to large multi-national corporations. He is expert at defining regulatory and statutory requirements from local, State and Federal government agencies; and helping the average businessperson understand what that mean to their business.
For more detail please click on this below link:
https://bit.ly/2K5QkVs
Email: support-AT-247compliance.com
Tel: +1-(707)-743-8122

Last modified: 2020-12-10 18:55:29