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Sponsored by Lorman Education
Product ID: 401592EAU
Credit & Course Provided by:

Amending Forms W-2 and 941

OnDemand Webinar (89 minutes)

Avoid costly penalties on incorrect tax forms by collecting the pertinent information to avoid errors on W-2 and 941 forms and learn how to amend them.Many payroll departments struggle with correcting forms W-2 for both a current year and for earlier years. It is often difficult to correctly correct W-2 forms timely and also provide all the related amended tax returns to balance the payroll taxes with the IRS, social security administrations and state and local jurisdictions. They often question the finer points of completing a Form W-2C to reflect the corrections. Payroll departments often file incorrect amended forms 941 and 940 and/or neglect to file all the state and local payroll tax amendments required. This material helps the persons responsible for payroll tax filings to collect the pertinent information to complete the corrected Form W-2 as well as the amended Forms 941 and 940 and any pertinent 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. Failing to properly complete 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.


Mary H. Angelbeck


W-2/W-3 Correction Basics

  • Statute of Limitations to Correct Forms
  • Timing to Provide Forms to Individuals and Submit to SSA
  • Which Forms to Use

Correcting Errors on Current Forms

  • Issue a W-2C or a Corrected W-2?
  • Adjusting Payroll Tax Filings for 941 and 940
  • Timing to Supply to Individuals and Report to SSA

Correcting Common Errors for Prior Year Forms

  • Correcting Employee's Name
  • Correcting Employee's Address
  • Correcting Multiple W-2 Forms for an Employee
  • Correcting Entries in Box 12

Correcting Federal Payroll Tax Forms

  • Form 941 - Underpayment of Taxes
  • Form 941 - Overpayment of Taxes
  • Correcting Form 940

Other Considerations

  • Refunding of Overpaid FICA Taxes
  • Correcting State Tax Forms
  • Making Corrections to Local Taxes

Additional Formats

Audio & Reference ManualMore Info
MP3 DownloadMore Info