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Validity : 20th Dec'24 to 30th Dec'24
Draft 2020 Form W-4
- 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
- Discussion on what make the Form W-4 invalid
- Review and examples on the new ways to calculate federal taxation in 2020
- Best Practices on how employers can better communicate W-4 changes to employees
Overview of the webinar
- Understanding the proper way to process a federal W-4
- What should be the proper process for an invalid W-4 in 2020
- Proper processing and maintenance of a IRS lock in letter
- Electronic W-4 requirements and what the new form means for employers with electronic W-4 systems
- Understanding the requirements around Form W-4 and how an employer can be at risk
Who should attend?
- Payroll Professionals
- Tax Professionals
- Accountants
- Controllers
- Human Resource Professionals
Why should you attend?
Dec of 2017 The Tax Cuts and Jobs Act was passed and it was one of the most significant tax changes in sometime.The change to the W-4 due to Tax reform will be the largest change to the form in US History. This webinar will prepare the payroll professional to understand the changes to the form W-4 for 2020 and how to calculate taxes in 2020. Before these changes the Form W-4 was a critical form that all companies have to obtain from employees, that drives how federal income withholding tax is calculated.The IRS released Publication 15-T , which gave instruction on how the new form will impact taxation.A review of publication 15-T and the steps to completed federal tax withholding calculations will be reviewed.All IRS specific laws around processing of the Form W-4 in 2020 will be discussed.
Faculty - Ms.Dayna J. Reum
Dayna is currently the Senior Director of Payroll & HRIS at Ann and Robert H. Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field for over 20 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 including 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 include Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, and International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA. Dayna has also assisted in the CPP preparation classes for the Chicago APA Chapter. She has served 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.
Credits
ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.
HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org