The IRS has released a new version of the Form W-4 for determining employee tax withholdings. This new form is required for use by any new hire after January 1, 2020, and for any current employee with an old W-4 on file but who wants to update their withholding in 2020 or beyond. Unless existing employees want to change their withholding, they can continue to keep their old-version Form W-4 on file. This means there are two methods for determining employee withholding.

We will also discuss the IRS specific laws around the processing of Form W-4 and how they should be handled will be discussed.

• The basics of the new Form W-4
• Line-by-line through the new W-4
• What do employers do with the W-4?
• How is payroll calculated on the employer side?
• Key numbers for 2020
• Tax treatment of moving expenses
• Tax treatment of employee achievement awards
• IRS electronic filing mandate
• Changes relating to independent contractors, including the new Form 1099-MISc

This course will teach you about the new Form W-4, when it is used, who needs to use it, and what you as the employer do with the new form. We will also look at the withholding calculation from the employer side, and discuss what to do if an employee has an “old” W-4 already on file. We will cover other payroll changes for 2020 as well, including the new Form 1099-NEC for reporting contract-labor payments.

• Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
• Human Resources Professionals
• Accounting Personnel
• Business Owners/Executive Officers/Operations and Departmental Managers
• Lawmakers
• Attorneys/Legal Professionals
• Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues

SPEAKER

Jason Dinesen, LPA, EA

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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 multistate corporations and not-for-profits. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College.

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