RECORDED TRAINING COURSE
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On December 5, 2019, the Internal Revenue Service (IRS) released the final 2020 Form W-4, Employee’s Withholding Certificate.
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 discuss some important and learning key points mentioned below :
- Gained knowledge of the requirements under wage and hour laws when an employee works in two or more states
- Learned how to handle garnishment withholding for a multistate employee
- Understand how to determine state withholding liability and how it is affected by the residency of the employee
- Gained knowledge in reciprocal agreements and the difference between taxing residents on their worldwide income and nonresidents on the income earned within the state
- A better knowledge of the three calculation methods permitted to determine taxable wages for state income tax including the volume of business ratio method and the time basis method
- A clear understanding of the basics of the four factor test used to determine the payment of state unemployment insurance
- 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
- 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
Why You Should Attend:
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.
Who Should Attend:
- Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
- Human Resources Professionals
- Accounting Personnel
- Business Owners/Executive Officers/Operations and Departmental Managers
- Attorneys/Legal Professionals
- Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues
*Ask your question directly from our expert during the Q&A session following the live event.
**Recorded Version: Unlimited viewing for 365 days ( Access information will be emailed 36 hours after the completion of live webinar).