Form W-2: Processing & Preparation

Understand How to Properly Complete, Report and Balance the Form W-2

The IRS provides updated tax rates and changes how taxable income is calculated each year. This year's changes will more significant than in the past several due to Tax Reform and the continued changes that affect the new form W-4 and tax calculations in 2021. This webinar by Industry expert Dayna J. Reum, CPP will assist the seasoned payroll professional on new legislation that needs to be considered. This webinar will also assist the W-2 newcomer to understand all the boxes on the Form W-2 and what should be reported. Dayna will also provide a brief overview of year-end and W-2 best practices. During the webinar, she'll discuss updates to the W-2 for the tax year 2020 such as how to handle the SSN truncation.

Webinar Objectives

• Details of how to close the year to make sure your W-2’s are correct and 941 reconciliation happens correctly.
• Review box by box of the W-2 and how tax reform has changed W-2 reporting.
• Most up to date legislation releases
• Calculating tax in 2021 and what the new form W-4 tells us.
• State-specific W-2 reporting and what you need to know

Webinar Agenda

• W-2 Requirements
• W-2 box by Box review
• Understanding the new W-2 codes
• Updated legislation to consider for 2019 and 2020 W-2 
• State by State discussion of special W-2 considerations
• Year-End and W-2 best Practices

Webinar Highlights

• To better understand proper W-2 filing requirement’s with the SSA
• Details around new codes added for The tax cuts and jobs act
• Better understanding the laws around how employers should provide W-2 to employees.
• Understanding special state W-2 requirements
• How to properly balance W-2’s each year

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