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Form W-4 and Other Payroll and Form 1099 Updates

Duration : 60 Minutes

Jason Dinesen,

Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on accounting and bookkeeping services, tax preparation and business advising to individuals with a business focus ranging from home-based businesses to multistat Read more

On May 31, 2019, the Internal Revenue Service (IRS) released a draft of the 2020 W-4 form and on December 5, 2019, released the final 2020 Form W-4, Employee’s Withholding Certificate that radically changes the way employee paychecks are calculated. Before changes, the Form W-4 was a critical form that all companies have to obtain from employees and has had special processing requirements. The form includes major revisions, including several new input elements for federal income tax withholding calculations, which will require significant reprogramming of payroll systems

Why Should You Attend:

This webinar will prepare your staff for this filing year, improve your employee reporting set-up and maintenance practices, and reduce your risk of complaints from the IRS.

Course Objectives:

• Understand the new Form W-4 and proper way to process a federal W-4
• Understand what to do with current employees who already have a W-4 on file
• Understand how to calculate withholding now and with the new W-4
• Understand other payroll changes, such as the treatment of moving expenses
• Understand changes to Form 1099-MISC and Form 1099-NEC

Course Outline:

This webinar will prepare the payroll professionals to understand the changes to the Form W-4 for 2020 and to review the recently released draft of the 2020 W-4 Form. We will also discuss the IRS specific laws around the processing of Form W-4 and how they should be handled will be discussed. Apart from that, this webinar would cover :

• The layout of the new Form W-4 and its requirements
• Withholding using 2020 Forms W-4 vs withholding using pre-2020 forms
• What to do with existing, "old" W-4s filled out by employees?
• How to handle moving expenses?
• Form 1099-NEC for reporting of independent contractors
• 2020 IRS Draft Form 1099-MISC Review

What You Get:

• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points

Who Will Benefit:

• Payroll professionals
• HR Professionals
• Accounting Professionals
• Tax Professionals
• Benefits Professionals

Please reach us at 1-888-844-8963 for any further assistance or if you wish to register

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