Learn the latest updates on Form W-4 (major change planned for 2019), Form 1099, Form W-9, Form W-2 wage and Form I-9 withholding reporting. This webinar bundle will prepare your staff for this filing year, improve your employee reporting set-up and maintenance practices, and reduce your risk of complaints from the IRS.
IRS Releases New Form W-4 for 2020
Join this session by expert speaker Dayna Reum, where she will review the IRS-specific laws around the processing of the Form W-4 and how they should be handled will be discussed. Dayna will explain how to handle a tax protestor and what should be the proper process for an invalid W-4?
Session Highlights:
W-4 Requirements
Electronic W-4’s
Completing the Form W-4 Invalid Form W-4
Exempt W-4 ProcessingW-4P & W-4S Forms
Other W-4 guidance
Lock in letters
Substitute W-4 Non-Resident Alien W-4 Processing 2020 IRS Draft Review
What the 2020 draft form tells us about payroll taxation in 2020
Understanding the proper way to process a federal W-4
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
IRS Form 1099 Reporting 2020: Compliance Requirements
Join this session by expert speaker Jason Dinesen, where he will go through the difference between an independent contractor and an employee, and why is it important to classify workers properly?
Session Highlights:
Introduction about 1099s/basic overview
Who files a 1099-MISC
Who receives a 1099-MISC
When do corporations get a 1099-MISC?
Medical services and Form1099-MISCEmployee vs. Contractor: Why is this important and how do you tell the difference?Dealing with reimbursements to contractors
Form W-9 and why it is important, and how it relates to the 1099-MISC
Backup withholding
IRS notices
Due dates, how to file with the IRS, and penalties for late filing
Form 1099-K and its interaction with the 1099-MISC Rental property and Form1099-MISC
Discussion of whether or not a business can issue a Form 1099-C (cancelation of debt) to clients who fail to pay invoices
Is software as a service (SAAS) a royalty payment (box 2 of Form 1099-MISC) or rent payment (box 1 of Form 1099-MISC)?
Expanded discussions on many topics including the interaction between Form 1099-K and Form 1099-MISC, penalties, and whether or not rental owners need to issue 1099-MISC.
IRS Form W-2 and W-4 Update 2020 and Best Practices
Join us for a quick study of the new rules by expert speaker Miles Hutchinson, where he will review the current Form W-2 and updated W-4 related issues to prepare you for a smooth reporting season.
Session Highlights:
Review legal and regulatory changes for the reporting year
Summary of the impacts of the Tax Credits and Jobs Act
Benefits/credits about to expire
Retirement funding – new thresholds
Updated forms, including the new 2020 form W-4 (no longer based on the exemption allowances)
Reporting the cost of employer-sponsored health coverage – which employers are affected, when employers must begin reporting, what to report, valuation methods, etc.
How to handle expense reimbursements made to employees - reportable/taxable?
How to efficiently execute an electronic W-4 program
Verifying employee social security numbers online
Electronic filing with the SSA using Business Services Online (BSO) – the requirements and benefits
Where to turn when you want to transmit employee copies of W-2’s electronically
What your company can do to minimize resource consumption when complying with this regulatory reporting requirement
What if we make a mistake? Corrections and penalties
The 1099 & W-9 Update – Complying with IRS Information Reporting
Join us for a quick study of the new rules by expert speaker Miles Hutchinson, where he will establish the independent contractor relationship with the right documentation and help you to understand the rules and keep your company in compliance.
Session Highlights:
Avoid the IRS CP-2100 (B-Notices)
Explain what to do if your vendor/payee claims an exemption
Apply best practices for handling your information reporting obligations
Minimize the risk of improper exemption claims by your payees and vendors
Establish an independent contractor in your vendor payment system to ensure compliance with the IRS reporting rules
Identify protocols for setting up new payees and vendors
Recognize when to require a Form W-9 v. Form W-4 v. Form W-8Test the accuracy of the W-9 information with the IRS’s records
List what factors determine whether you must report
Manage back-up withholding
Recognize when signatures are required on Form W-9Identify the latest changes to the forms, deadlines, and penalties
Describe when you must electronically file your information returns
Set up electronic reporting to your payees
Classify diverse payments on Form 1099Recognize how Merchant Card reporting on Form 1099-K affects your reporting on credit card payments
Explain how FATCA affects information reporting for U.S. taxpayers
Identify best practices for filing 1099s with the IRS
Describe what happens when the government wants to remove the exemptions
Form I-9 Updates 2019 - How to Prevent Costly Mistakes
In this webinar expert speaker, Matthew W. Burr will discuss common mistakes and how to correct and review the area’s find important with I-9 and how to prevent future issues.
Session Highlights:
Legal Information
Importance of Mistake Proof Forms
Retention Process
Proactive Audits
Common Mistakes
Correcting Mistakes
Why it is important for your business
Impact and cost for an organization
Upcoming or potential changes
Helpful Links
Auditing Firms
*You may ask your Question directly to our expert during the Q&A session.
** You can buy On-Demand and view it at your convenience.