IRS Form Essentials

Pre Recorded | Combo Offers

  • 180 minutes

IRS Forms are documents that individuals and businesses use to report all financial activities to the federal government for purposes of calculating their tax liability. 

IRS tax forms are used for taxpayers and tax-exempt organizations to report financial information to the Internal Revenue Service (IRS) of the United States. They are used to report income, calculate taxes to be paid to the federal government, and disclose other information as required by the Internal Revenue Code (IRC). Other tax forms in the United States are filed with state and local governments. This IRS Form Essentials Bundle provides you the compliance training in payroll that includes numerous tips, examples, and procedural recommendations to give you the edge in your business.

This bundle includes:

Learning benefit includes: 

  • Understanding the requirements around Form W-4 and how an employer can be at risk

  • IRS Form W-4 change requirements and how it effects you as an employer 

  • Employer notification requirements and important deadlines for both Form W-4 and Form W-2 

  • Discussion on what makes the Form W-4 invalid 

  • Lock in letters from the IRS and how to handle them 

  • Form W-2 Box by box explanation 

  • IRS reporting requirements 

  • Review best practices and pointers to make reconciliation easier

  • Quarterly Tax Reporting-Form 941

  • Form Reporting Requirements

  • Deadlines and Penalties

  • Line by line review of the 2016 Form 941

  • Tips for completing the Schedule B—liability dates vs. deposit dates

  • Tips to balance Form 941 and Schedule B to the penny—as required by the IRS

  • Form due dates

  • Annual Employee Reporting-Form W-2

  • Box by Box overview

  • Common Mistakes

  • How to reconcile the Forms 941 with the Forms W-2

  • What to do if you discover an error in deposits for the quarter when completing the Form 941

  • Using the 941X form to correct the Form 941

  • Annual FUTA Reporting-Form 940

  • Basics of Form 940

  • Changes to Form 940

  • Common Mistakes

  • Handling an IRS Dispute

  • Working in the US and Employment Verification

  • Discrimination/Requirements

  • Detail review of changes for the new form for 2017

  • How to properly complete the I-9

  • Section by Section Review

  • Correcting Mistakes

  • Storage and Retention 

  • E-verify

Dayna Reum

Dayna Reum

Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures.

Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

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