The IRS provides updated tax rates and changes how taxable income is calculated each year. This webinar 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. A brief overview of year-end and W-2 best practices will also be discussed. Also, any changes for the years 2020 and 2021 will be reviewed. 

Webinar Agenda

• Box by box review of the W-2
• W-2 and 941 Reconciliation Process
• Year-End Best Practices
• State W-2 concerns

Webinar Highlights

• Review of new W-2 reporting deadlines
• Updates on how we process the W-2 form. 
• Review of the new SSN truncation rules from the IRS on Form W-2.
• Understanding when to check the status boxes for such things as retirement
• How to properly reconcile the Form 941’s to your W-2/W-2 totals

Who Should Attend

Payroll and Tax Professionals

Credit(s)

IRS CPE Credits: 1 Tax hour