This webinar will train attendees on how to make quick and accurate corrections to Forms W-2 and 941. It will review legal and regulatory changes for the 2015 filing season and discuss best practices for gathering, calculating and reconciling W-2 data.
This webinar will prepare your staff for the 2015 filing season, and reduce your risk of complaints from the IRS. The course instructor will review the current law and regulations regarding filing of corrections to Forms W-2 and 941 and will provide practical guidance for efficiently handling errors and corrections using Forms W-2c, W-3c and 941-X.
Why Should You Attend:
Have you ever had an employee surprise you on April 14 with an error in their W-2? Claims of errors need to be taken seriously, reviewed and corrected at the earliest. The risk of errors on Form W-2 continues to increase as the tax code becomes more complex (ACA, MSRRA, reconciliation acts, etc.). It is very important to keep current with these changes to reduce the risk of errors and be able to better communicate proper reporting to your staff and your employees.This webinar will prepare your staff for the 2015 filing season, and reduce your risk of complaints from the IRS. The course instructor will review the current law and regulations regarding filing of corrections to Forms W-2 and 941 and will provide practical guidance for efficiently handling errors and corrections using Forms W-2c, W-3c and 941-X.
Areas Covered in the Webinar:
- Review legal and regulatory changes for the 2015 filing season that increase your risk of errors
- Best practices for gathering, calculating and reconciling W-2 data
- Reconciliation of Form W-2 to Form 941 - best practices on when and why it must be done
- How to prepare Form 941-X correctly
- Latest information on reporting employer provided healthcare coverage
- How to prepare Form W-2c efficiently
- When to use the Form W-2c and when to correct the W-2 itself
- Which corrections may be done without communicating with the SSA
- Using SSA’s BSO to file Forms W-2c electronically
- Preparation of Form W-3c
- Penalties for incorrect information recently doubled and how that makes it imperative to verify employee names and social security numbers with the SSA data base
Who Will Benefit:
- Information Reporting Officers
- Tax Managers
- Compliance Officers
- Compliance Managers
- CFOs
- Controllers
- Payroll Managers
- HR Managers
- Accounting Managers
- Auditors
- IT Managers
Course Provider
Miles Hutchinson,
