Overview:
Dec of 2022 The Tax Cuts and Jobs Act was passed and it was one of the most significant tax changes in sometime.
This webinar will prepare the payroll professional to understand the changes to Form W-4 for 2022 and to review the recently released draft on June 8th of the 2023 W-4 Form.
Before changes, Form W-4 was a critical form that all companies have to obtain from employees and has had special processing requirements.
A review of the IRS specific laws around processing of the Form W-4 and how they should be handled will be discussed. 2022 and 2023 has continued to bring changes that this webinar will review.
Why you should Attend:
- Understanding the proper way to process a federal W-4
- How to handle a tax protestor
- What should be the proper process for an invalid W-4?
- Proper processing and maintenance of a IRS lock in letter
- 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
- Discussion on what make the Form W-4 invalid
- Lock in letters from the IRS and how to handle
- What are the changes to personal exemptions from tax reform and how it will impact the Form W-4
Areas Covered in the Session:
- W-4 Requirements
- Electronic W-4's
- Completing the Form W-4
- Invalid Form W-4
- Exempt W-4 Processing
- W-4P & W-4S Forms
- Other W-4 guidance
- Lock in letters
- Substitute W-4
- Non Resident Alien W-4 Processing
- 2023 Changes and updates
Who Will Benefit: