Amending Forms W-2 and 941

Duration: 60 minutes

Speaker: Debbie Cash, CPP

CREDITS:

Available On-Demand

PURCHASE OPTIONS

Individual Purchase Options
On-Demand Available On-Demand. Watch the webinar recording multiple times for 30 days.	$179
Recording Download link will be emailed for single user access with handouts. Available in 3-5 business days, after Live Event. Never Expires.	$199
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Recording With License to Share Download link will be emailed with a license to share within the organization. Available in 3-5 business days, after Live Event. Never Expires.	$599	Select

ABOUT THE EVENT

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 course will teach you how to collect the information needed to complete W-2 corrections as well as file the amended 941 forms and any additional state and local tax filings.

The content will discuss specific types of errors found on form W-2 and provide guidance on how to make the necessary corrections. The topic 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 topic will help payroll departments avoid penalties and time consuming responses to follow up questions from the IRS and other taxing jurisdictions.

Learning Objectives:

You will be able to determine when an amendment needs to be filed.
You will be able to know which fields to complete for the amendments.
You will be able to identify what other amendment forms need to be filed.
You will be able to review your documentation to properly file your amendments.

Areas Covered:

I. W-2 and W-3 Corrections

Statue of Limitations on Corrections
Timing to provide corrections to employees/SSA
Correct forms to use

II. Corrections on Current Forms

W-2C or Corrected W-2
Adjustments to 941 and 940
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

Who Should Attend:

Payroll Supervisors and Personnel
Accounts Payable Supervisors and Personnel
Public Accountants
Internal Auditors
Tax Compliance Officers
Enrolled Agents
Officers and Managers with Tax Compliance Oversight
Company / Business Owners
Managers/ Supervisors
Public Agency Managers
Audit and Compliance Personnel / Risk Managers

Speaker(s)

Debbie Cash, CPP

Debbie Cash, CPP is a Manager of TLM Implementation at G&A Partners. G&A Partners is a Professional Employer Organization (PEO) that offers payroll, human resources, benefits management, risk management, and accounting services for businesses. G&A Partners acquired Employer Advantage LLC (PEO) in February 2022. Debbie began working for the organization in 2006 as a Payroll Tax Specialist and Time and Attendance Specialist. She was promoted to Time/Labor Manager in 2021.

CEUs

The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.

Credits: 1.0

Compliance Prime is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org

Credits: 1.0

Compliance Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org.

Credits: 1.0

Credits: 1.0

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