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Course Level :Basic
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Credits :1
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Instructional Method :QAS Self-Study
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Pre-requisites :None
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Advance Preparation :None
Overview
W-2 and W-3 Corrections-Statute of limitations 6 mins
Adjustments to 941 or 940 16 mins
Prior year forms corrections to employee's name/FEIN 22 mins
Federal payroll tax form amendments 31 mins
Form 940 corrections 41 mins
Course Description
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 CPE webinar will help you how to collect the information needed to complete Form W-2 corrections as well as file the amended 941 forms and any additional state and local tax filings.
The CE Tax webinar for CPAs will discuss specific types of errors found on form W-2 and guide how to make the necessary corrections. It will provide information on amending both 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 online webinar will help payroll departments avoid penalties and time-consuming responses to follow-up questions from the IRS and other taxing jurisdictions.
Key Topics covering Amendment of W-2s and 941s included in the webinar::
- W-2 and W-3 Corrections
- Statute 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
Learning Objectives
- To determine when an amendment needs to be filed.
- To explore which fields to complete for the amendments.
- To identify what other amendment forms need to be filed.
- To review your documentation to properly file your amendments.
Webinar Qualifies For
- 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
Additional details
NASBA APPROVED
CPE Services LLC, 30 N Gould St,Ste R Sheridan WY 82801
CPE Services LLC (Sponsor id#: XXXXX) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
About Presenter
Deborah Cash, CPP
Business Analyst-Implementation, GNA Partners
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 Associates Degree in Accounting from MSSU in 1985 and a Bachelors 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’s. She also worked for Joplin R-8 School District processing payroll from 1990 to 1993.
About Company
GNA Partners
PROVIDING BUSINESSES THE A NEW PATH TO HR BLISS
Trusted for more than 30 years, Employer Advantage frees you from the administrative and compliance burdens of having employees so you can focus on your business success. Versatile enough for companies of all sizes, our unique service combines comprehensive management of your employee administration and compliance with the latest software solutions, tailored to meet your individual needs and company culture.
You control the priorities while we structure a program unique to your business’ and employees’ requirements. The best part: you’ll save time and have peace of mind knowing experts have your back.
MORE THAN A SLICK SOFTWARE SOLUTION
We provide your employees with top-notch assistance and benefits that help you increase productivity, save time and money, and attract and retain a talented workforce. And for small and mid-sized businesses, we bring you economy of scale with access to Fortune-500-level benefits, specialty assistance, and savings that would not be possible to attain on your own.
OUR TEAM IS YOUR TEAM
Our full-service management of HR, payroll, health and benefits, workplace safety, and more, enhances your profitability while reducing the costs and risks associated with employment law compliance. We are an extension of your HR department. When you work with Employer Advantage, you’ll be adding senior HR professionals who can handle your payroll, hiring, workplace safety and more.
Experienced, certified, and trusted: Payroll, Employment Taxes, Health and Benefits, Retirement, Human Resources, Employee Handbooks, Safety and Loss Prevention, Workers’ Compensation, OSHA, DOT, Timekeeping, Group Health Insurance, 401(k), Ancillary Benefits, Benefit Plan Administration, Employee Administration, Employment Regulations and Compliance, Safety Manuals and Training, Unemployment Claims Management, Worksite Inspections, Regulatory Compliance, and more.
Headquartered in the Midwest and serving more than 400 companies and 10,000 worksite employees throughout the country, Employer Advantage is an IRS-Certified Professional Employer Organization (PEO) (C-PEO).
Instructions
- CPE Services LLC self-study courses are online.
- The self-study format allows you to access the material online 24/7 and study at your own pace.
- As per NASBA guidelines, you have one year from the date of registration to complete each program.
- Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
- Course has a minimum passing score of 70% and test takers will not be provided feedback on failed exams.
- Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.
- Refund Policy : To obtain a refund for a fee-based live webinar or webcast, users can email us at john@my-cpe.org or can go into their account and cancel the registration at any time prior to the start of the webinar. Fees shall not be refunded if for any reason you are unable to attend live webinars or in case of cancellation after the webinar begins. Refunds for self-study courses are available within 30 days after the date of purchase, assuming that no CPE credit has been granted. No refunds for self-study Courses shall be granted after 30 days of purchase. If the user would like to report a complaint or question about our refund policy please contact our customer service number or email us at john@my-cpe.org. We offer customer satisfaction with education. In case of any genuine concerns or complaints please contact our customer service and we shall grant a refund for any course, provided that CPE credit for the course has not been granted. Many of our courses are free and so do not have any fees.
- Complaint Resolution Policy : For more information regarding administrative policies such as complaints and refunds, please contact our offices at 646-688-5128.