Avoid errors and costly penalties on incorrect tax forms by collecting pertinent information and amending them correctly.
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 material in this course will teach you how to collect the information needed to complete W-2 corrections and file the amended 941 forms and any additional state and local tax filings. The content will discuss specific types of errors found on form W-2 and provide guidance of how to make the necessary corrections. The topic will provide information on amending current year and prior year corrections. Failure to properly amend corrected forms and payroll tax filings may result in additional tax, penalties, and interest. This topic will help payroll departments avoid penalties and time consuming responses to follow up questions from the IRS and other taxing jurisdictions.
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
W-2 and W-3 Corrections
- Statue of Limitations on Corrections
- Timing to Provide Corrections to Employees/SSA
- Correct Forms to Use
Corrections on Current Forms
- W-2c or Corrected W-2
- Adjustments to 941 and 940
- Timing to Send Out Corrections and Reports
Corrections to Common Errors for Prior Year Forms
- Employee Name Corrections
- Employee Address Corrections
- Multiple W-2 Forms Corrections
- Box 12 Entry Corrections
Federal Payroll Tax Form Amendments
- Form 941 - Underpayments
- Form 941 - Overpayments
- Form 940 - Corrections
Other Considerations
- Overpaid FICA Taxes
- Correcting State Tax Forms
- Corrections to Local Taxes
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on June 2, 2023.
Call 1-866-352-9540 for further credit information.
- CPP/FPC
- Lorman Education Services is an approved provider through PayrollOrg. This seminar is approved for 1.5 RCHs.
PLEASE NOTE: To receive credit through PayrollOrg for this program you MUST attend the program in its entirety, complete all progress checks and pass the final exam. You cannot obtain credit if you have already completed this course in its live version.
HR Certification Institute 1.5
- This E-Learning program has been pre-approved for 1.5 (General) recertification credit hours toward aPHR®, aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM), and SPHRi(TM) recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
SHRM 1.5
- Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDC(s) for the SHRM-CP or SHRM-SCP.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
- Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Debbie Cash, CPP
G&A Partners
- Manager of TLM Implementation at G&A Partners
- Began working for the organization in 2006 as a Payroll Tax Specialist and Time and Attendance Specialist
- Promoted to Time/Labor Manager in 2021
- Over 30 years of experience processing payroll and payroll taxes for various companies and professions
- Worked as a Payroll Specialist at Missouri Southern State University from 1993 to March 2006
- Attended the International Tax Conference in Wisconsin and specialized in international tax for student visas
- Worked for Joplin R-8 School District processing payroll from 1990 to 1993
- Associate degree in accounting from MSSU in 1985 and a Bachelor’s Degree in General Business from MSSU in 2006
- Can be contacted at dcash@gnapartners.com or 417-782-3909, ext. 148
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More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
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- Course Manuals
- Executive Reports
- White Papers and Articles
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- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
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