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Sponsored by Lorman Education
Product ID: 408982EAU
Credit & Course Provided by:

Amending Forms W-2 and 941

OnDemand Webinar (56 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.


Debbie Cash, CPP, Employer Advantage


W-2 and W-3 Corrections

• Statute of Limitations on Corrections

• Timing to Provide Corrections to Employees/SSA

• Correct Forms to Use

Corrections on Current Forms

• Form W-2c or Corrected Form W-2

• Adjustments to Form 941 and Form 940

• Timing to Send out Corrections and Reports

Corrections to Common Errors for Prior Year Forms

• Employee Name Corrections

• Employee Address Corrections

• Multiple W-2 Forms Corrections

• Box 12 Entry Corrections

Federal Payroll Tax Form Amendments

• Form 941 - Underpayments

• Form 941 - Overpayments

• Form 940 - Corrections

Other Considerations

• Overpaid FICA Taxes

• Correcting State Tax Forms

• Corrections to Local Taxes