The importance of the Form W-4 is fundamental to the payroll department. It is the foundation for the taxation of an employee’s paycheck as well as a required IRS form. Failure to handle the form correctly and completely can open the door to serious problems not only in properly withholding from the employee’s gross wages but could extend beyond the regulations and affect payroll customer service or employee morale. It can also lead to costly expenditures of time and budget resources to correct non-compliance consequences.
In this webinar join expert speaker Vicki M. Lambert, where she will help you to identify and correct problems and errors in completing and processing Form W-4 that will enable your payroll department to operate more efficiently and effectively.
This webinar covers the IRS Form W-4 for 2019 including the requirements for completing the form properly, handling non-resident aliens, state equivalent forms, record retention and processing the form electronically instead of on paper. We also cover the changes to the 2019 form caused by the Tax Cuts and Jobs Act and give information on the related anticipated changes to Form W-4 for 2020. We will also discuss best practices for processing more efficiently within the department.
- Changes to the form for 2019-2020
- The effective date of new and revised Form W-4 information
- Effective methods for handling incomplete or improperly completed forms
- When you must send Form W-4 to the IRS—it’s not what you think!
- Effective strategies for streamlining your processing procedures you can use right now
- How to withhold federal taxes in the absence of a valid Form W-4
- The difference between an invalid form and a “questionable” one
- The record retention requirements for Form W-4
- How to make employee verification part of your Form W-4 process
- Tips on setting up an electronic system for Form W-4
- Proper handling of IRS lock-in letters
- State equivalent forms versus Form W-4
- When an employee must submit a new form versus when they may submit a revised form
- How to deal with visas and Form W-4
Who Will Benefit:
- Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
- Human Resources Executives/Managers/Administrators
- Accounting Personnel
- Business Owners/Executive Officers/Operations and Departmental Managers
- Attorneys/Legal Professionals
- Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues