Description

Even the most experienced payroll professionals can make mistakes, but what matters is how quickly and accurately those errors are corrected. Whether it's a misstep on Form 941 or a discrepancy on a Form W-2, addressing these issues promptly is essential for compliance and avoiding IRS scrutiny. So, what should you do when the numbers don’t add up after filing?

In this course, we’ll dive into the correct methods for amending Forms 941, 940, and 944 once errors are discovered. You’ll learn how to issue and file Form W-2c to fix year-end employee wage data and when to use Form W-3c. We’ll walk you through handling corrections made both before and after submitting data to the Social Security Administration, ensuring your reporting stays accurate from start to finish. You’ll also gain clarity on filing deadlines and avoidable missteps that could trigger IRS penalties.

Learning Objectives:-

• Discuss when to file Form 941-X and why it matters.
• Identify situations requiring a Form W-2c correction.
• Explain electronic versus paper W-2c submissions.
• Differentiate between W-2c and W-3c usage rules.
• Analyze correction deadlines to avoid IRS penalties.

Areas Covered in the Session:-

• Due dates for filing correction forms
• Correcting the Form 941 using the Form 941-X
• Correcting the Form 944 using the Form 944-X
• Filing amended returns for Form 940
• When to issue a Form W-2c and how to complete it?
• When to use the Form W-3c and how to complete it?
• How to file Form W-2c electronically instead of on paper?

Don't let tax form errors catch you off guard. Join us to gain up-to-date, practical insights and ensure your payroll corrections stay IRS-compliant in 2025 and beyond.

Who Will Benefit? 

• Payroll Professionals
• Tax Preparers
• HR Managers
• Accountants
• Finance Professionals
• Compliance Officers
• Controllers
• Business Owners.