Description
The Internal Revenue Service (IRS) has released the second draft of the 2020 form W-4 along with publication 15 T which contains the withholding instructions. Compliance with the Tax Cuts and Jobs Act has forced the IRS to completely revamp this form for 2020. This webinar will review the latest draft of this form and its corresponding publication 15-T in great detail. The webinar includes several examples of calculating federal income tax withholding beginning January 1, 2020. We will also tackle the question of how to continue using prior year versions of the form W-4.
Topics covered include:
· Review of the latest draft form W-4 for 2020
· Review of the employer instructions and publication 15-T
· Examples of calculating income tax withholding
· Discussion of how to handle calculating income tax withholding using prior versions of the form
Attendees will learn:
· Learn how to use the new form W-4 including the various new tables
· Understand the employer instructions in publication 15 T
· Discover the various methods of calculating income tax withholding using current and prior year forms W-4
Who can benefit:
· Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
· Human Resources Executives/Managers/Administrators
· Accounting Personnel
· Business Owners/Executive Officers/Operations and Departmental Managers
· Lawmakers
· Attorneys/Legal Professionals
· Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues
This webinar has been approved for 1.5 HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®,SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®).