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
