2020 Update-IRS Releases Guidance on Form W-2 Reporting of FFCRA Qualified Leave

  EVENT DATE

October 09, 2020

  PRESENTER(s)

Vicki M. Lambert

  1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 90 Minutes


* Not able to attend the live session? We can arrange an on-demand session for You. Please call 1-951-801-2324


This program has been approved for 1.5 PDCs toward SHRM certification hours.
The program is pre-approved for 1.5 credit hour under HRCI

DESCRIPTION



The Form W-2 is one of the most important documents that payroll departments must process. This webinar covers the IRS Form W-2 for 2020. We examine the requirements for completing and filing the form including a box by box explanation. Best practices for completing and reconciling the form, handling duplicate requests from employees are also covered.  When to use the correction Form W-2c is also discussed.

Area covered in this session:

For the attendee to learn and understand the 2020 requirements for the Form W-2 including:

  • Changes to the Form W-2 for 2020 
  • Line by line completion of the Form W-2
  • Reconciliation of Form W-2 to Form 941-best practices on when and why it must be done
  • Electronic delivery of W-2s to employees—what is required to set up the program
  • When to use the Form W-2c and when to correct the W-2 itself
  • Penalties for incorrect information have double and how that makes it imperative to verify employee names and social security number with the SSA data base
  • And Much More!

Who can 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
  • Lawmakers
  • Attorneys/Legal Professionals
  • Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues

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