Amending Forms W-2 and 941


Avoid costly penalties on incorrect tax forms by collecting the pertinent information to avoid errors on W2 and 941 forms and learn how to amend them.
Many payroll departments struggle with correcting forms W2 for both a current year and for earlier years. It is often difficult to correctly correct W2 forms timely and also provide all the related amended tax returns to balance the payroll taxes with the IRS, social security administrations and state and local jurisdictions. They often question the finer points of completing a Form W2C to reflect the corrections. Payroll departments often file incorrect amended forms 941 and 940 andor neglect to file all the state and local payroll tax amendments required.
This material helps the persons responsible for payroll tax filings to collect the pertinent information to complete the corrected Form W2 as well as the amended Forms 941 and 940 and any pertinent 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. Failing to properly complete 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: 2018-02-06 at 1:00 PM ET – 2:30 PM ET

Learning Objectives

* You will be able to describe the appropriate circumstances requiring that you issue a Form W2C.

* You will be able to discuss the corrected W2 with your employee.

* You will be able to explain the necessary changes required to your supervisor.

* You will be able to identify which tax forms need to be amended.

Credits: CPP/FPC (Pending) ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,CPE ,HR Certification Institute ,SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.