Amending Forms W-2 and 941
1 hour 30 minutes
Avoid errors and costly penalties on incorrect tax forms by collecting the pertinent information needed for Forms W-2 and 941 and learn how to amend them.
No one wants to have to amend tax forms but no matter how many precautions you take to avoid it, there will always be a time that you will need to do an amendment. This material will teach you how to collect the information needed to complete W-2 corrections as well as file the amended 941 forms and any additional 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. Failure to properly amend 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.
• You will be able to determine when an amendment needs to be filed.
• You will be able to recognize which fields to complete for the amendments.
• You will be able to identify what other amendment forms need to be filed.
• You will be able to review your documentation to properly file your amendments.