Beyond the Boxes: Excelling in W-2 Processing in 2024

A Deep Dive into Legislation and Best Practices for Seamless Compliance

Annually, the IRS revises tax rates and adjusts the methodology for computing taxable income. In this enlightening webinar led by industry expert Dayna J. Reum, CPP, seasoned payroll professionals will gain invaluable insights into the latest legislation crucial for a seamless W-2 processing season. The session will delve into the meticulous completion of each box on the W-2 form, offering a comprehensive guide.

Dayna J. Reum will navigate participants through the complexities of new legislation, ensuring a thorough understanding for successful W-2 processing. The webinar will not only cover the proper completion of W-2 form boxes but also provide a concise overview of year-end tax changes for the upcoming year. Additionally, W-2 best practices will be discussed to equip professionals with essential tools.

Moreover, attendees will receive updates on W-2 modifications from the past couple of years, addressing the handling of Social Security Number (SSN) truncation for both federal and state filing. This comprehensive session aims to empower payroll professionals with the knowledge and strategies needed to navigate the intricacies of W-2 processing, ensuring compliance with the latest regulations and optimizing efficiency.

Webinar Objectives

• Gain a comprehensive understanding of W-2 filing requirements with the SSA, including deadlines.
• Explore codes added for the tax cuts and jobs act.
• Navigate the laws governing the provision of W-2 forms to employees.
• Grasp special state W-2 requirements.
• Learn how to balance W-2s effectively to prevent tax notices from the IRS.

Webinar Agenda

• W-2 Requirements
• Box-by-Box Review of W-2
• Updated Legislation Impacting W-2 Processing
• State-by-State Discussion of Special W-2 Considerations
• Year-End and W-2 Best Practices
• Fringe Benefit Year-End Processing

Webinar Highlights

• In-depth guidance on properly completing each box on the W-2 form.
• Brief overview of year-end tax changes for the upcoming year
• Best practices for W-2 processing.
• Updates on W-2 modifications in recent years, including SSN truncation for federal and state filing.

Who Should Attend

Payroll and Tax Professionals

Credit(s)

IRS CPE Credits: 1 Tax hour