Description

Dec of 2017 The Tax Cuts and Jobs Act was passed, and it was one of the most significant tax changes in some time. This webinar will prepare the payroll professional to understand the changes to the form W-4 for 2018 and to review the recently released draft on June 8th of the 2019 W-4 Form. Before changes, Form W-4 was a critical form that all companies must obtain from employees and had special processing requirements.  A review of the IRS-specific laws around the processing of the Form W-4 and how they should be handled will be discussed. 2023 has continued to bring changes that this webinar will review.

Learning Objectives:-

• Understanding the proper way to process a federal W-4
• What should be the proper process for an invalid W-4 in 2023
• Proper processing and maintenance of an IRS lock-in letter
• Electronic W-4 requirements and what the new form means for employers with electronic W-4 systems
• Understanding the requirements around Form W-4 and how an employer can be at risk
• IRS Form W-4 change requirements and how it affects you as an employer
• Employer notification requirements and important deadlines for both Form W-4
• Discussion on what makes the Form W-4 invalid
• Review and examples of the new ways to calculate federal taxation in 2023
• Best Practices on how employers can better communicate W-4 changes to employees