Amending W-2's and 941's

October 27, 2020
60 Mins
Debbie Cash
$149.00
$299.00
$299.00
$349.00
$299.00
$199.00
$299.00
$199.00
$199.00
$299.00
$299.00
$199.00

All prices mentioned above are for single user access only. For multi-user access, kindly call us on (818) 584-2346 or email us at customersupport@skill-knowledge.com Message Us

Learn about Federal Payroll Tax Form Amendments

No one wants to have to amend tax forms but no matter how many precautions you take to avoid it, there will always be a time that you will need to do an amendment. The material in this webinar will teach you how to collect the information needed to complete W-2 corrections as well as file the amended 941 forms and any additional state and local tax filings.

During the webinar, Debbie will discuss specific types of errors found on form W-2 and provide guidance on how to make the necessary corrections. She'll provide information on amending both current year and prior year corrections. Failure to properly amend corrected forms and payroll tax filings may result in additional tax, penalties, and interest. She will also help payroll departments avoid penalties and time-consuming responses to follow-up questions from the IRS and other taxing jurisdictions.

Paying employees is one of the biggest expenses for a company. Any company that has employees is required to withhold and pay payroll taxes. In addition to what you withhold from an employee, there are tax forms that must be filed and given to the employee. The size of your business, where you are located, where your employees live and work; all of these things factor into what you must withhold from employee’s wages and what you must pay in as an employer.  Understanding these things and knowing how much to withhold, how often to pay, and what forms to file, and what information to include is sometimes overwhelming.

No matter how much we double-check figures and try to make sure everything is correct on these forms before they are sent out there is always a time when an error is made or something was left out. Debbie will discuss in detail how to amend the W-2 form and 941 forms. Details of how to make these amendments, how quickly you must get them to the employee and the government agencies that are affected will be covered.

These types of changes also affect other government agencies such as State and Local forms. Making sure you are in compliance and completing all the necessary corrections in a timely matter is key. The IRS and State and Local Governments assess big fines and penalties if businesses do not record amendments properly and get them to employees timely. You want to avoid these liabilities as much as possible. This webinar will help you to better understand all types of situations that can cause you to amend these forms and how to make these amendments.

Webinar Objectives

After attending this information-packed webinar by industry expert Debbie Cash,

  • You will be able to determine when an amendment needs to be filed.
  • You will be able to know which fields to complete for the amendments.
  • You will be able to identify what other amendment forms need to be filed.
  • You will be able to review your documentation to properly file your amendments.
Webinar Agenda
  • W-2 and W-3 Corrections
    • Statute of Limitations on Corrections
    • Timing to provide corrections to employees/SSA
    • Correct forms to use
  • Corrections on Current Forms
    • W-2C or Corrected W-2
    • Adjustments to 941 and 940
    • Timing to send out corrections and reports
  • Corrections to Common Errors for Prior Year Forms
    • Employee Name Corrections
    • Employee Address Corrections
    • Multiple W-2 Forms Corrections
    • Box 12 Entry corrections
  • Federal Payroll Tax Form Amendments
    • Form 941- Underpayments
    • Form 941- Overpayments
    • Form 940 Corrections
  • Other Considerations
    • Overpaid FICA Taxes
    • Correcting State Tax Forms
    • Corrections to Local Taxes
Webinar Highlights
  • W-2 and W-3 Corrections
  • Corrections to W-2 on current forms
  • Corrections to common errors for prior years
  • Federal Payroll Tax Amendments-941 and 940
  • Other considerations-State and Local tax and FICA refunds
Who Should Attend
  • 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
Debbie Cash

Debbie Cash

Debbie Cash, CPP is a Manager of TLM Implementation at G&A Partners. She was formerly a Payroll Tax/Time and Attendance Specialist at Employer Advantage LLC. Debbie earned an Associate's Degree in Accounting from MSSU in 1985 and a Bachelor's Degree in General Business from MSSU in 2006. She obtained her Certified Payroll Professional Certification in October 2006. She has 30+ years of experience processing payroll and payroll taxes for various different companies and professions. Debbie worked as a Payroll Specialist at Missouri Southern State University from 1993 to March 2006. She attended the International Tax Conference in Wisconsin in 2005 and specialized in International...
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