Payroll: How to effectively correct Forms W-2 and Amend Forms 941
Speaker: Debbie Cash, CPP
Speaker Designation: Manager TLM Implementation, G&A Partners
Speaker: Debbie Cash, CPP
Speaker Designation: Manager TLM Implementation, G&A Partners
In today's ever-changing tax landscape, ensuring accurate payroll reporting is paramount. Join us for a comprehensive webinar designed to equip you with essential knowledge and skills to handle W-2 and 941 corrections effectively.
This course provides practical insights into correcting errors on tax forms, understanding the statute of limitations, and complying with IRS payroll regulations. Through detailed discussions and practical examples, you'll explore common errors on prior-year forms, address employee names and address corrections, and execute amendments to amounts with confidence.
You'll seamlessly navigate adjustments for multiple W-2 forms and Box 12 entries and grasp federal payroll tax form amendments, including Form 941 underpayments and overpayments. This course will delve into how to handle Form 940 corrections and address considerations for correcting state and local tax forms.
No one wants to have to amend tax forms but no matter how many precautions you take to avoid it, there will always be a time that you will need to do an amendment. The IRS and State and Local Governments assess big fines and penalties if businesses do not record amendments properly and get them to employees timely. You want to avoid these liabilities as much as possible.
Attend the webinar to better understand all types of situations that can cause you to amend these forms and how to make these amendments.
Key Topics covering Amendment of W-2s and 941s included in the webinar:
Amending Forms W-2 and 941 is a vital task for businesses that need to correct payroll-related errors. Failing to amend forms or delaying corrections can lead to significant penalties. The IRS may assess fines for underreporting wages, misreporting taxes, or providing employees with inaccurate W-2s. Amending forms promptly helps reduce the risk of penalties and ensures compliance. Regular reviews of payroll processes can also help prevent errors from occurring in the future.
Debbie Cash, CPP is a Manager of TLM Implementation at G&A Partners. G&A Partners is a Professional Employer Organization (PEO) that offers payroll, human resources, benefits management, risk management, and accounting services for businesses. G&A Partners acquired Employer Advantage LLC (PEO) in February 2022. Debbie began working for the organization in 2006 as a Payroll Tax Specialist and Time and Attendance Specialist. She was promoted to Time/Labor Manager in 2021.
Debbie earned an associate's Degree in Accounting from MSSU in 1985 and a bachelor's Degree in General Business from MSSU in 2006. She obtained her Certified Payroll Professional Certification in October 2006. She has 30+ years of experience processing payroll and payroll taxes for various different companies and professions.
Debbie worked as a Payroll Specialist at Missouri Southern State University from 1993 to March 2006. She attended the International Tax Conference in Wisconsin in 2005 and specialized in International Tax for Student Visa. She also worked for Joplin R-8 School District processing payroll from 1990 to 1993.