New, Confusing W-4 Form Is Coming For 2020: All You Need to Know

Duration: 60 minutes

Speaker: Dayna J Reum

CREDITS:

Available On-Demand

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On-Demand Available On-Demand. Watch the webinar recording multiple times for 30 days.	$179
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Transcript (PDF) PDF transcript of webinar with handouts will be emailed. Available in 7-10 business days, after Live Event. Never Expires.	$169

ABOUT THE EVENT

On May 31, 2019 the IRS released a draft of the 2020 W-4 form for the payroll and tax community to review. This webinar will prepare the payroll professional to understand the changes to the form W-4 for 2020 and to review the recently released draft of the 2020 W-4 Form. Before changes the Form W-4 was a critical form that all companies have to obtain from employees and has had special processing requirements. A review of the IRS specific laws around processing of the Form W-4 and how they should be handled will be discussed.

Areas Covered

W-4 Requirements
Electronic W-4’s
Completing the Form W-4
Invalid Form W-4
Exempt W-4 Processing
W-4P & W-4S Forms
Other W-4 guidance
Lock in letters
Substitute W-4
Non Resident Alien W-4 Processing
2020 IRS Draft Review
What the 2020 draft form tells us about payroll taxation in 2020

Learning Objectives

Understanding the proper way to process a federal W-4
How to handle a tax protestor
What should be the proper process for an invalid W-4?
Proper processing and maintenance of a IRS lock in letter
Understanding the requirements around Form W-4 and how an employer can be at risk
IRS Form W-4 change requirements and how it affects you as an employer
Employer notification requirements and important deadlines for both Form W-4
Discussion on what make the Form W-4 invalid
Lock in letters from the IRS and how to handle
What are the changes to personal exemptions from tax reform and how it will impact the Form W-4
W-4 worksheet changes and requirements of when employees need to provide updated forms

Who Should Attend

Payroll professionals
HR Professionals
Accounting Professionals
Tax Professionals
Benefits Professionals

Speaker(s)

Dayna J Reum

Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

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

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