Overview
On December 5, 2019, the Internal Revenue Service (IRS) released the final 2020 Form W-4, Employee’s Withholding Certificate.
The Internal Revenue Service (IRS) has released the second draft of the 2020 form W-4 along with publication 15 T which contains the withholding instructions. Compliance with the Tax Cuts and Jobs Act has forced the IRS to completely revamp this form for 2020.
This webinar will discuss some important and learning key points mentioned below :
- Gained knowledge of the requirements under wage and hour laws when an employee works in two or more states
- Learned how to handle garnishment withholding for a multistate employee
- Understand how to determine state withholding liability and how it is affected by the residency of the employee
- Gained knowledge in reciprocal agreements and the difference between taxing residents on their worldwide income and nonresidents on the income earned within the state
- A better knowledge of the three calculation methods permitted to determine taxable wages for state income tax including the volume of business ratio method and the time basis method
- A clear understanding of the basics of the four factor test used to determine the payment of state unemployment insurance
Session Highlights
Why You Should Attend
Who Should Attend
Speakers(s)
