Paying employees is one of the biggest expenses for a company.  Any company who has employees is required to withhold and pay payroll taxes.  In addition to what you withhold from an employee there are tax forms that must be filed and given to the employee.  The size of your business, where you are located, where your employees live and work; all of these things factor into what you must withhold from employee’s wages and what you must pay in as an employer.  Understanding these things and knowing how much to withhold, how often to pay, and what forms to file and what information to include is sometimes overwhelming.

 No matter how much we double check figures and try to make sure everything is correct on these forms before they are sent out there is always a time when an error is made or something was left out.  We will discuss in detail of how to amend the W-2 form and 941 forms.  Details of how to make these amendments, how quickly you must get them to the employee and the government agencies that are affected will be covered.

These types of changes also affect other government agencies such as State and Local forms.  Making sure you are in compliance and completing all the necessary corrections in a timely matter is key.  The IRS and State and Local Governments assess big fines and penalties if businesses do not record amendments properly and get them to employee timely.  You want to avoid these liabilities as much as possible.  This webinar will help you to better understand all types of situations that can cause you to amend these forms and how to make these amendments.

Learning Objectives

  • You will be able to determine when an amendment needs to be filed.
  • You will be able to know which fields to complete for the amendments.
  • You will be able to identify what other amendment forms need to be filed.
  • You will be able to review your documentation to properly file your amendments.

Area Covered In The Webinar

1) W-2 and W-3 Corrections

2) Corrections to W-2 on current forms

3) Corrections to common errors for prior years

4) Federal Payroll Tax Amendments-941 and 940

Other considerations-State and Local tax and FICA refunds

Why should you attend?

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 as well as 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 on how to make the necessary corrections. The topic 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 topic will help payroll departments avoid penalties and time consuming responses to follow up questions from the IRS and other taxing jurisdictions.

Who Will Benefit

  • Payroll Professionals
  • Small Business Owners
  • Bookkeepers
  • Managers


On Demand

Debbie Cash Certified Payroll Professional from the American Payroll Association. She is a Payroll Tax/Time and Attendance Specialist at Employer Advantage LLC. Employer Advantage is a Professional Know More

Debbie Cash