Complying with SSA and IRS Rules for Correcting Forms W-2 and 941

Why Should You Attend:

Have you ever had an employee surprise you on April 14 with an error in their W-2? Claims of errors need to be taken seriously, reviewed and corrected at the earliest. The risk of errors on Form W-2 continues to increase as the tax code becomes more complex (ACA, MSRRA, reconciliation acts, etc.). It is very important to keep current with these changes to reduce the risk of errors and be able to better communicate proper reporting to your staff and your employees.

This webinar will prepare your staff for the 2015 filing season, and reduce your risk of complaints from the IRS. The course instructor will review the current law and regulations regarding filing of corrections to Forms W-2 and 941 and will provide practical guidance for efficiently handling errors and corrections using Forms W-2c, W-3c and 941-X.

Areas Covered in the Webinar:

• Review legal and regulatory changes for the 2015 filing season that increase your risk of errors
• Best practices for gathering, calculating and reconciling W-2 data
• Reconciliation of Form W-2 to Form 941 - best practices on when and why it must be done
• How to prepare Form 941-X correctly
• Latest information on reporting employer provided healthcare coverage
• How to prepare Form W-2c efficiently
• When to use the Form W-2c and when to correct the W-2 itself
• Which corrections may be done without communicating with the SSA
• Using SSA’s BSO to file Forms W-2c electronically
• Preparation of Form W-3c
• Penalties for incorrect information recently doubled and how that makes it imperative to verify employee names and social security numbers with the SSA data base

Who Will Benefit:

• Information Reporting Officers
• Tax Managers
• Compliance Officers
• Compliance Managers
• CFOs
• Controllers
• Payroll Managers
• HR Managers
• Accounting Managers
• Auditors
• IT Managers

Instructor Profile:

Miles Hutchinson is a CGMA and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the chief financial officer of a $1 billion real estate development company. Mr. Hutchinson is a professional speaker and consultant who has presented over 2,000 seminars and training sessions on myriad business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act. He is recognized as an expert in payroll, and sales and use tax as well as financial modeling and analysis, business strategy and communications.

He is the author of several useful accounting and tax tools. His clients include Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army.

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