Fundamentals of W2 and W4 Processing Webinar by TrainHR
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Overview: Form W-4 and Form W-2 are the baseline payroll tax forms that as payroll professions we are constantly dealing with. Everyday changes are occurring that effect how we handle these forms. It is critical to stay on top of current rules and regulations regarding these critical forms.
Why should you attend: You have looked at hundreds of W-4 forms, but if you got one today that claimed Married with 2 exemptions and exempt would you know how to properly handle it? If an employee comes into your office asking for a W-2C because the new code DD is not on their 2012 W-2, would you have to produce a W-2C?
Areas Covered in the Session
Understanding the requirements around Form W-4 and how an employer can be at risk
IRS Form W-4 change requirements and how it effects you as an employer
Employer notification requirements and important deadlines for both Form W-4 and Form W-2
Discussion on what make the Form W-4 invalid
Lock in letters from the IRS and how to handle
Potential 2013 changes and how recent and upcoming law changes will impact the Form W-2
Form W-2 Box by box explanation
IRS reporting requirements
Review best practices and pointers to make reconciliation easier
Who Will Benefit:
Human Resources professionals
Compensation and Benefits Executive