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The ABCs and XYZs of Correcting IRS Forms (MLCD64E)
Even the most knowledgeable and efficient payroll/accounting departments make mistakes. And as soon as the error is discovered, corrections need to be made. But how are these mistakes and corrections handled? Vicki M. Lambert, CPP will discuss what must be done for mistakes made on the employee’s pay-check such as over or underpayments. In this session she will discuss about the quarterly and year-end reports for which the payroll is responsible. Because if a mistake has been made on the employee’s wages, correction to it needs to be reflected in the quarterly or year-end forms.
This live session by expert speaker Vicki M. Lambert, CPP will cover:
Correcting Form 941 using Form 941-X
Due dates for filing correction forms
Filing amended returns for Form 940
Correcting Form 944 using Form 944-X
When to use Form W-3c and how to complete it
When to issue a Form W-2c and how to complete it
How to file Form W-2c electronically instead of on paper
This webinar will discuss how to correct the Form 941 when an error has been discovered after it has been filed. It will examine when to use the Form W-2c to correct the employee’s year-end information after the Form W-2 has been given to the employee as well as before and after the form has been filed with the Social Security Administration. It will also review how to file an amended return for the Form 940.
NASBA & IRS Category of Study: Taxes
Who Should Attend
Any individual or entity responsible for the accurate completion and submission of payroll related forms and reports required by the IRS
Vicki M. Lambert, CPP is President and Academic Director of The Payroll Advisor™ a firm specializing in the training of payroll professionals. With over three decades of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. ...