Dec of 2017 The Tax Cuts and Jobs Act were passed and it was one of the most significant tax changes in sometime. This webinar will prepare the payroll professional to understand the changes to the form W-4 for 2018 and to review the recently released draft on June 8th of the 2019 W-4 Form. Before changes the Form W-4 was a critical form that all companies have to obtain from employees and has had special processing requirements.
A review of the IRS specific laws around processing of the Form W-4 and how they should be handled will be discussed. The IRS has promised that the draft form of the W-4 will be released by 5/31/2019, this webinar will also review the 2020 for and how it will impact payroll.
In this webinar expert speaker Dayna Reum will Review potential recent updates, discuss concerns around proper processing and your role in processing according to the IRS. This webinar will prepare the payroll professional to understand the changes to the form W-4 for 2018 and to review the recently released draft on JUNE 8th of the 2019 W-4 Form. A review of the IRS specific laws around processing of the Form W-4 and how they should be handled will be discussed.
Key Learning Objectives:
- Understanding the proper way to process a federal W-4
- How to handle a tax protestor
- What should be the proper process for an invalid W-4?
- Proper processing and maintenance of a IRS lock in letter
- Understanding the requirements around Form W-4 and how an employer can be at risk
- IRS Form W-4 change requirements and how it affects you as an employer
- Employer notification requirements and important deadlines for both Form W-4
- Discussion on what make the Form W-4 invalid
- Lock in letters from the IRS and how to handle
- What are the changes to personal exemptions from tax reform and how it will impact the Form W-4
Key Session Agenda:
- W-4 Requirements
- Electronic W-4’s
- Completing the Form W-4
- Invalid Form W-4
- Exempt W-4 Processing
- W-4P & W-4S Forms
- Other W-4 guidance
- Lock in letters
- Substitute W-4
- Non Resident Alien W-4 Processing
- 2019 IRS original Draft Review and what it tells us about 2020
Who Will Benefit:
- Payroll Professionals
- Tax Professionals
- Accounting Professionals
- Finance Professionals