This 90 minute webinar on "Form W-4 for 2020 Updates: : What’s New? What’s Changed? - Best Practices & Compliance Requirements" will talk about how Form W-4 has just seven lines but it is a fundamental part of the payroll process. In addition to information concerning the amount to withhold for income tax, the W-4 provides the employer with documentation of due diligence in soliciting employee name, Social Security Number, and address information. It is critical for penalty mitigation in the event the information is incorrect.
The Form provides a basis for the employee to have the correct amount of tax withheld, but if it is prepared incorrectly, the employee may be subject to penalties. While the employer is not responsible for assuring the correctness of the employee's claims, the employer is responsible for due diligence with regard to invalid forms and withholding according to the employee instructions provided by the form.
Join this session by expert speaker Patrick A. Haggerty, where he will discuss the function and requirements of Form W-4 and how the information it provides is critical to the payroll process as well as how to avoid problems and identify and correct problems such as invalid or improperly filled out forms and errors in processing. It will also discuss the proper handling of special situations and requirements such as exemption from withholding and nonresident alien W-4 Forms.
Why should you Attend?
While Form W-4 has only seven information lines, the information contained on the Form is critical to the payroll process. Failures at the employer end can lead to compliance and employee morale issues with regard to amounts withheld, timely processing, and incorrect information returns. Employers may be held liable or penalized for incorrect withholding where the employer failed to solicit or timely process the forms or fails to withhold according to the information provided on the forms. This webinar will provide information currently available on the proposed revisions to Form W-4 for 2020.
The main features of the webinar include the following:
Who will benefit?
This webcast will be of a valuable assistance to the below audience.
Form 1099, Form 1099-MISC, W-9, W-8, Form 1099-errors, SSN, EIN, TIN
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
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