Recorded Webinar

2020 Form W-4: Withholding Compliance Changes Effective 1/1/2020

Duration: 90 minutes Speaker: Patrick A. Haggerty, EA
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
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

The IRS has released the final version of the 2020 Form W-4 – Employee’s Withholding Certificate. The new form must be used for all employees who receive their first paycheck after December 31, 2019, and any existing employee’s who change their withholding amount after December 31, 2019.

The new form does not use withholding allowances, so the method for computing withholding has changed. Since existing employees who do not want to change their withholding amount may leave prior Forms W-4 – Withholding Allowance Certificate in effect indefinitely, payroll professionals will have to know how to use both withholding calculation methods.

This webinar will cover the changes to the 2020 W-4, who must provide the employer with the 2020 Form, the method used to compute withholding, the new IRS Publication 15-T – Federal Income Tax Withholding Methods and other information payroll professionals need to know how to stay in compliance in 2020.

Areas Covered

  • The legal requirement that the employer withhold income tax from employee compensation.
  • Information provided on the 2020-W-4 and how it is used.
  • 2020-W-4 line by line.
  • How to compute withholding for the 2020-W-4 and year W-4 Forms still in effect.
  • The new withholding tables – How and when to use them. Example computations.
  • The special instructions for non-resident aliens.
  • State withholding certificates.
  • When employees are required to revise W-4 Forms.  
  • Requirements for electronic W-4 Forms.
  • Penalties for failing to withhold or deposit tax and reporting errors.
  • Record retention requirements – how long must an employer keep the forms.

Learning Objectives

  • Understand the employer’s legal obligation to withhold tax.
  • Know which employees are required to use the 2020 W-4.
  • Know how to calculate withholding for 2020 using both 2020 and prior year W-4 Form information.
  • Know what must or must not be included on each line of Form W-4 and how to identify invalid Forms.
  • Know how to deal with special problems and situations related to Form W-4 such as non-resident alien forms, lock-in letters, and invalid and questionable employee submissions.
  • Be aware of the penalties for non-compliance.
  • Know the record retention requirements.
  • Be aware of the special requirements for electronic W-4 Forms.
  • Be aware of state withholding certificate requirements.

Bonus Handouts

  • 2020 Form W-4 with Instructions
  • 2019 Form W-4 with Instructions
  • IRS Publication 15-T (Draft unless final is released)
  • Selected pages from IRS Publication 15 (Draft unless final is released)

Who Should Attend

  • Payroll Professional
  • Public Accountants
  • Tax Compliance Officers
  • Enrolled Agents
  • Employee Benefits Administrators
  • Officers and Managers with Payroll or Tax Compliance Oversight
  • Company / Business Owners
  • Managers/ Supervisors
  • Public Agency Managers
  • Audit and Compliance Personnel
38f0e7d922a183e06e18edf9f8fd871b.jpg
Patrick A. Haggerty, EA

Pat Haggerty is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice. He began teaching accounting at the college level in 1988. He is licensed as an Enrolled Agent by the U. S. Treasury to represent taxpayers at all administrative levels of the IRS and is a Certified Management Accountant. He has written numerous articles and a monthly question and answer column for payroll publications. In addition, he regularly develops and presents webinars and presentations on a variety of topics including Payroll tax issues, FLSA compliance, information returns, and accounting.

ceu1.png

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

Credits: 1.5

ceu2.png

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: 1.5

ceu3.png

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

Access Unlimited Webinars

SUBSCRIBE NOW
Why You Should Subscribe?
Unlimited Live and On-Demand Courses

Watch all live or recorded webinars (up to 120 minutes long). Get instant access to a library of more than 500 high quality courses presented by best-in-class presenters.

CEUs: APA, CPE, SHRM and HRCI Credits

Fulfil your recertification requirements by earning CEUs from APA, CPE, SHRM and HRCI.

Free Access to Course Materials

Each program comes with Additional Course Materials, which you can download and read anytime.

Additional Discounts

Get flat 20% discount on Premium Product Category like, Long Hour Webinars.

Call Now At

888-527-3477

Testimonials

What people are saying about us


Patricia

Client

Showing examples in pictures was really helpful. Instructor was knowledgeable, easy to understand.


Sharn

Client

The speaker was excellent along with her life experiences.


Dustin Yellin

Client

Thanks to you, we don't miss any update from my industry. I will recommend my colleagues to sign-up.


Josephine

Client

Gwen is a very good teacher cause of all her years in the field.


Azahara

Client

Gave samples and took their time to explain everything to the point


Sarah Blanos

Client

The speaker was very interactive and made it fun.

Get Unlimited Webinars, Starting $799 only!
  • Unlimited Live and On-Demand Webinars (Up to 120 Minutes Long)
  • Unlimited Course Materials
  • CEUs: APA, CPE, SHRM and HRCI
  • 20% Discount on Long Hour Webinars
  • Certificate of Participation
Choose Membership

Similar Events

https://www.complianceprime.com/uploads/img_upload/0b68146372567aeb984738e93846cccf.jpg
https://www.complianceprime.com/uploads/img_upload/1701665209_7a4a6f78ddfb8840a610.png
Event Calendar

Our Accreditation Partner