IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Amending Forms W-2 and 941

$149.00

SKU: 410666

Description

Avoid errors and costly penalties on incorrect tax forms by collecting pertinent information and amending them correctly.
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 W2 corrections and file the amended 941 forms and any additional state and local tax filings. The content will discuss specific types of errors found on form W2 and provide guidance of how to make the necessary corrections. The topic will provide information on amending 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.

Date: 2023-06-02 Start Time: 1:00 PM ET End Time: 2:30 PM ET

Learning Objectives

* You will be able to recognize when an amendment needs to be filed.

* You will be able to describe 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.

W-2 and W-3 Corrections
• Statue of Limitations on Corrections
• Timing to Provide Corrections to Employees/SSA
• Correct Forms to Use

Corrections on Current Forms
• W-2c or Corrected W-2
• Adjustments to 941 and 940
• Timing to Send Out Corrections and Reports

Corrections to Common Errors for Prior Year Forms
• Employee Name Corrections
• Employee Address Corrections
• Multiple W-2 Forms Corrections
• Box 12 Entry Corrections

Federal Payroll Tax Form Amendments
• Form 941 • Underpayments
• Form 941 • Overpayments
• Form 940 • Corrections

Other Considerations
• Overpaid FICA Taxes
• Correcting State Tax Forms
• Corrections to Local Taxes

CPP/FPC (Pending) ,HR Certification Institute ,CPE ,SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Debbie Cash, CPP-G&A Partners

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Amending Forms W-2 and 941

$209.00

SKU: 407766

Description

Avoid errors and costly penalties on incorrect tax forms by collecting the pertinent information needed for Forms W2 and 941 and learn how to amend them.
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. This material will teach you how to collect the information needed to complete W2 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 W2 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 timeconsuming responses to follow up questions from the IRS and other taxing jurisdictions.

Date: 2020-09-22 Start Time: 1:00 PM ET End Time: 2:00 PM ET

Learning Objectives

* You will be able to determine when an amendment needs to be filed.

* You will be able to recognize 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.

W-2 and W-3 Corrections
• Statute of Limitations on Corrections
• Timing to Provide Corrections to Employees/SSA
• Correct Forms to Use

Corrections on Current Forms
• Form W-2c or Corrected Form W-2
• Adjustments to Form 941 and Form 940
• Timing to Send out Corrections and Reports

Corrections to Common Errors for Prior Year Forms
• Employee Name Corrections
• Employee Address Corrections
• Multiple W-2 Forms Corrections
• Box 12 Entry Corrections

Federal Payroll Tax Form Amendments
• Form 941 – Underpayments
• Form 941 – Overpayments
• Form 940 – Corrections

Other Considerations
• Overpaid FICA Taxes
• Correcting State Tax Forms
• Corrections to Local Taxes

CPP/FPC ,CPE ,HR Certification Institute ,SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Debbie Cash, CPP-Employer Advantage