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How to Effectively Correct Forms W-2 and Amend Forms 941

Duration :

Course Description:

This 90 minute webinar on "How to Effectively Correct Forms W-2 and Amend Forms 941" will discuss the common and not so common errors and adjustments that affect W-2 and 941 Forms, actions you can take now to reduce or prevent filing problems and errors, special reporting situations, and what to do when errors are discovered.

A major task for payroll departments is that of preparing W-2 Forms, furnishing them to employees and filing them with the Social Security Administration. The Forms must be correct, complete, and provided on time or the employer may face stiff penalties. The due date for filing the forms with the Social Security Administration is currently January 31. This accelerated due date no longer allows time for employees to advise employers of errors so that corrections can be made before the forms are filed with the Social Security Administration.

Why should you Attend?

Penalties for late filing or filing incorrect W-2 Forms are on the rise. Penalties for incorrect information of Form 941 can also be costly. This webinar will discuss methods for avoiding or correcting errors on Forms 941 and W-2 with a focus on how to make corrections where required so that penalties are eliminated, or minimized. The webinar will also discuss how to properly prepare and file Forms 941-X and W-2c and when to file the corrections.

In addition, penalties for failure to file and failure to furnish timely correct W-2s increased significantly and are now indexed for inflation and will continue to increase each year.

Penalties are reduced or eliminated when errors are corrected quickly. It is important for payroll professionals to understand the rules that reduce or mitigate penalties and to act within the time limitations for maximum benefit. Understanding how to compute and process corrections by correctly completing Form W-2c is an essential skill.

Corrections to W-2 Forms frequently require that Forms 941 also be corrected. Similarly, a correction to a prior year Form 941 may require that prior year W-2 Forms also be corrected. It is important for payroll professionals to understand the relationship between Form 941 and the W-2 Forms and to know how to correctly prepare Form 941-X to correct errors on Form 941.

Areas Covered:

  • When to use Form W-2C and when to issue a corrected W-2
  • How to reduce or eliminate penalties for incorrect or late returns
  • Statute of limitations for Form 941 corrections
  • De minimis money amount errors: To correct or not to correct?
  • Exceptions to the penalties
  • How to establish reasonable cause for a missing or incorrect SSN
  • How to handle wage overpayment and underpayment corrections
  • Refund of employee taxes from wage overpayment recovery‚Äôs
  • State information corrections
  • The advantages of timely corrections
  • Reporting reclassification of employees on Form 941

Who will benefit?

This webcast will be of a valuable assistance to the below audience.

  • Payroll Supervisors and Personnel
  • Payroll Service Providers
  • Public Accountants and Enrolled Agents
  • Employee Benefits Administrators
  • Officers and Managers with Payroll or Tax Compliance Oversight
  • Company / Business Owners
  • Managers/ Supervisors
  • Public Agency Managers
  • Audit and Tax Compliance Personnel / Risk Managers

Registration Options

Avail 12 months unlimited access for a single user.

Material shipped within 15 days post webinar completion & get life time access for unlimited participants.


Forms W-2 and Amend Forms 941, SSN, EIN, TIN

Speaker Details

Patrick A Haggerty

Patrick A Haggerty

Tax & Payroll Consultant, Taxpayer Representative, Educator and Author

Patrick Haggerty is Keynote Speaker at ComplianceTrain. He is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice. He began teaching accounting at the college level in 1988. He is licensed as an Enrolled Agent by the U. S. Treasury to represent taxpayers at all administrative levels of the IRS and is a Certified Management Accountant. He has written

Refund Policy

Participants/Registrants for our live events, may cancel up to 72 hours prior to the start of the live session and ComplianceTrain will issue a letter of credit to be used towards any of ComplianceTrain's future events. The letter of credit will be valid for 12 months.

ComplianceTrain will process refund in cases where the event has been cancelled and is not rescheduled within 90 days from the original scheduled date of the webinar. In case if a live webinar is cancelled, participants/registrants may choose between recorded version of the course or a refund. Refunds will not be processed to participants who do not show up for the webinar. A webinar may be cancelled due to unavoidable circumstances, participants will be notified 24 hours before the scheduled start of the event. Contact us via email: