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Human Resource & Payroll

2022 Form 941 for Q3 & the Form W-2 for 2022: What’s new?

Preview

This webinar covers two very important forms for the payroll department. First, The IRS Form 941 and its accompanying Form-Schedule B for the 3rd quarter of 2022. And second, the Form W-2 for 2022. For the 941 – it discusses what is new for this version as well as the requirements for completing each form line by line. It includes the filing requirements and tips on reconciling and balancing the two forms. The Form W-2 is one of the most important documents that payroll departments must process. This webinar covers the IRS Form W-2 for 2022. We examine the requirements for completing and filing the form including a box-by-box explanation.

 

 

Background

Form 941 is the link between your payroll records and the IRS tax records. Proper administration of this vital form is critical if you want to avoid IRS Notices and the penalties and interest that accompany them. The Schedule B is also a crucial form for many employers. The IRS demands that the Form 941 and the Schedule B match to the penny…every single time…without fail!


It has always been a requirement that the Forms 941 be reconciled with the Forms W-2 prior to submitting each form. If the employer fails in this reconciliation, the IRS and Social Security Administration can both assess penalties! This reconciliation has become even more critical these past few years.

 

 

Areas Covered in this Training

For the attendee to understand the requirements for completing the latest version of the 2022 Form 941 correctly line by line.


-To ensure that the attendee has the basic knowledge to complete the Form Schedule B according to the IRS regulations and to ensure that it reconciles down to the penny with the Form 941 prior to submission.
-To demonstrate to the attendee the reconciliations needed under IRS and Social Security Administration regulations.


For the attendee to learn and understand the 2022 requirements for the Form W-2 including:
-Changes to the Form W-2 for 2022


-NEW! Lower electronic filing thresholds for 2022
-Line by line completion of the Form W-2
-Reconciliation of Form W-2 to Form 941-best practices on when and why it must be done
-Electronic delivery of W-2s to employees—what is required to set up the program
-When to use the Form W-2c and when to correct the W-2 itself
-Penalties for incorrect information have double and how that makes it imperative to verify employee names and social security number with the SSA data base

 


Duration – 90 Minutes
Who will benefit:

-Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
-Human Resources Executives/Managers/Administrators
-Accounting Personnel
-Business Owners/Executive Officers/Operations and Departmental Managers
-Lawmakers
-Attorneys/Legal Professionals
-Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues
 

You may ask your Question directly to our expert during the Q&A session.

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