No one wants to have to amend tax forms but no matter how many precautions you take to avoid it, there will always be a time that you will need to do an amendment. The material in this CPE webinar will help you how to collect the information needed to complete Form W-2 corrections as well as file the amended 941 forms and any additional state and local tax filings.
This webinar will discuss specific types of errors found on form W-2 and guide how to make the necessary corrections. It will provide information on amending both current year and prior year corrections. Failure to properly amend corrected forms and payroll tax filings may result in additional tax, penalties, and interest. This online webinar will help payroll departments avoid penalties and time-consuming responses to follow-up questions from the IRS and other taxing jurisdictions.
Key Topics covering Amendment of W-2s and 941s included in the webinar:
I. W-2 and W-3 Corrections
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Statute of Limitations on Corrections
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Timing to provide corrections to employees/SSA
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Correct forms to use
II. Corrections on Current Forms
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W-2C or Corrected W-2
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Adjustments to 941 and 940
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Timing to send out corrections and reports
III. Corrections to Common Errors for Prior Year Forms
Employee Name Corrections
Employee Address Corrections
Multiple W-2 Forms Corrections
Box 12 Entry corrections
IV. Federal Payroll Tax Form Amendments
Form 941- Underpayments
Form 941- Overpayments
Form 940 Corrections
V. Other Considerations
Overpaid FICA Taxes
Correcting State Tax Forms
Corrections to Local Taxes
Session Highlights:
To determine when an amendment needs to be filed.
To explore which fields to complete for the amendments.
To identify what other amendment forms need to be filed.
To review your documentation to properly file your amendments.
Why You Should Attend:
*You may ask your Question directly to our expert during the Q&A session.
** You can buy On-Demand and view it at your convenience.
Debbie Cash
Debbie Cash, CPP is a Business Analyst-Implementation at G&A Partners. She was formerly a Payroll Tax/Time and Attendance Specialist at Employer Advantage LLC. G&A Partners is a Professional Employer Organization (PEO) that offers payroll, human resources, benefits management, risk management, and accounting services for businesses and they recently acquired Employer Advantage LLC a former PEO. She has been with the organization since 2006.