New Form W-4 for 2020: Changes Employers Need to Know
The IRS has committed to releasing its draft of the new 2020 Form W-4 by May 31,2019. The changes to the form are the most significant we have seen in recent years! The new W-4 is intended to better reflect the changes from The Tax Cuts and Jobs Act.
Join us as we cover latest IRS specific laws around processing of the new Form W-4 and how they should be handled. Our 75-minute program will review the changes and discuss best practices, challenges and what employers can do now to prepare. You and your team will discover:
- Expected changes to Form W-4 for 2020 employers and payroll need to know
- When employers will need to request new W-4s from employees
- How to compute the correct withholding from W-4 information
- Handling special situations: Non-resident aliens, lock in letters & more
Form W-4 Changes & Updates for 2020: Understanding New IRS Requirements
- IRS Form W-4 change requirements and how it affects you as an employer
- Changes to personal exemptions from tax reform and impact on Form W-4
- W-4 worksheet changes: When employees must provide updated forms
Processing Form W-4: What’ll Be Required on the New Form
- Understanding the proper way to process a federal W-4
- Employer notification requirements and important deadlines
- Requirements for Form W-4 and how an employer can be at risk
- Proper processing and maintenance of a IRS lock in letter
Handling Invalid Forms & Correcting Errors
- Discussion on what make the Form W-4 invalid
- What should be the proper process for an invalid W-4?
- Correcting errors or commissions to the form
- How to handle a tax protestor
Live Question & Answer Session - Have your questions answered by the expert!
About the Speaker
Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field over 17 years.
- Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures.
- Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll.
- Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.
In this up-to-the minute event, you and your team will learn the latest updates and filing requirements for the new 2020 Form W-4, and the latest round of changes expected to be finalized soon.