Description
RECORDED TRAINING COURSE
Dec of 2023 The Tax Cuts and Jobs Act was passed and it was one of the most significant tax changes in sometime.
This webinar will prepare the payroll professional to understand the changes to Form W-4 for 2023 and to review the recently released draft on June 8th of the 2024 W-4 Form.
Before changes, Form W-4 was a critical form that all companies have to obtain from employees and has had special processing requirements.
A review of the IRS specific laws around processing of the Form W-4 and how they should be handled will be discussed. 2023 and 2024 has continued to bring changes that this webinar will review.
SESSION HIGHLIGHTS:
- W-4 Requirements
- Electronic W-4’s
- Completing the Form W-4
- Invalid Form W-4
- Exempt W-4 Processing
- W-4P & W-4S Forms
- Other W-4 guidance
- Lock in letters
- Substitute W-4
- Non-resident Alien W-4 Processing
- 2024 Changes and updates
Why You Should Attend:
- Understanding the proper way to process a federal W-4
- How to handle a tax protestor
- What should be the proper process for an invalid W-4?
- Proper processing and maintenance of a IRS lock in letter
- Understanding the requirements around Form W-4 and how an employer can be at risk
- IRS Form W-4 change requirements and how it affects you as an employer
- Employer notification requirements and important deadlines for both Form W-4
- Discussion on what make the Form W-4 invalid
- Lock in letters from the IRS and how to handle
- What are the changes to personal exemptions from tax reform and how it will impact the Form W-4
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
Note: You will get access to the Recording link and E-Transcript; in your account and at your registered email address.