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Amending Forms W-2 and 941

  • Accountant
  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • HRCI
  • ORTP
  • SHRM
  • Maryland Tax Prep.
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

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. The material in this CPE webinar will help you how to collect the information needed to complete Form W-2 corrections as well as file the amended 941 forms and any additional state and local tax filings.

The CPE webinar for CPAs will discuss specific types of errors found on form W-2 and guide how to make the necessary corrections. It 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 online webinar will help payroll departments avoid penalties and time-consuming responses to follow-up questions from the IRS and other taxing jurisdictions.

Key Topics covering Amendment of W-2s and 941s included in the webinar:

I. W-2 and W-3 Corrections

  1. Statute of Limitations on Corrections
  2. Timing to provide corrections to employees/SSA
  3. Correct forms to use

II. Corrections on Current Forms

  1. W-2C or Corrected W-2
  2. Adjustments to 941 and 940
  3. Timing to send out corrections and reports

III. Corrections to Common Errors for Prior Year Forms

  1. Employee Name Corrections
  2. Employee Address Corrections
  3. Multiple W-2 Forms Corrections
  4. Box 12 Entry corrections

IV. Federal Payroll Tax Form Amendments

  1. Form 941- Underpayments
  2. Form 941- Overpayments
  3. Form 940 Corrections

V. Other Considerations

  1. Overpaid FICA Taxes
  2. Correcting State Tax Forms
  3. Corrections to Local Taxes

Click for more online CPE/CE courses: IRS Audit, Representation, and Resolutions|PDC/RCH courses.

Learning Objectives

  • To determine when an amendment needs to be filed.
  • To explore which fields to complete for the amendments.
  • To identify what other amendment forms need to be filed.
  • To review your documentation to properly file your amendments.

Recommended For

  • This IRS-approved CE course is recommended for tax professionals who are engaged in filling individual tax returns for their clients.
  • This SHRM and HRCI-approved course is recommended for HR professionals.

Who Should Attend?

  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • HR Professionals
  • Human Resources Manager
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 PDC Credit of Business Acumen for SHRM Professionals (Approval No. 22-RSVVY)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00488-21-O)
  • 1 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00488-21-O)
  • 1 RCH Credit of HR (General) for Human Resource Certification Institute (HRCI) (Approval No. 583199)
  • 1 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP)
  • 1 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-00488-21-O)
  • 1 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0488)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookeeper

Additional details

  • Course Level :
    Intermediate
  • Credits :
    1
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    Experience With The Preparation Of Income Tax Returns

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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Deborah Cash, CPP

Business Analyst-Implementation, GNA Partners

Debbie Cash, CPP is a Business Analyst-Implementation at G&A Partners.  She was formerly a Payroll Tax/Time and Attendance Specialist at Employer Advantage LLC.  G&A Partners is a Professional Employer Organization (PEO) that offers payroll, human resources, benefits management, risk management, and accounting services for businesses and they recently acquired Employer Advantage LLC a former PEO.  She has been with the organization since 2006.  

Debbie earned an Associates Degree in Accounting from MSSU in 1985 and a Bachelors Degree in General Business from MSSU in 2006.  She obtained her Certified Payroll Professional Certification in October 2006.  She has 30+ years of experience processing payroll and payroll taxes for various different companies and professions.

Debbie worked as a Payroll Specialist at Missouri Southern State University from 1993 to March 2006.  She attended the International Tax Conference in Wisconsin in 2005 and specialized in International Tax for Student Visa’s.  She also worked for Joplin R-8 School District from 1990 to 1993.  

About Company

PROVIDING BUSINESSES THE A NEW PATH TO HR BLISS

Trusted for more than 30 years, Employer Advantage frees you from the administrative and compliance burdens of having employees so you can focus on your business success. Versatile enough for companies of all sizes, our unique service combines comprehensive management of your employee administration and compliance with the latest software solutions, tailored to meet your individual needs and company culture. 

You control the priorities while we structure a program unique to your business’ and employees’ requirements. The best part: you’ll save time and have peace of mind knowing experts have your back.

MORE THAN A SLICK SOFTWARE SOLUTION

We provide your employees with top-notch assistance and benefits that help you increase productivity, save time and money, and attract and retain a talented workforce. And for small and mid-sized businesses, we bring you economy of scale with access to Fortune-500-level benefits, specialty assistance, and savings that would not be possible to attain on your own.    

OUR TEAM IS YOUR TEAM

Our full-service management of HR, payroll, health and benefits, workplace safety, and more, enhances your profitability while reducing the costs and risks associated with employment law compliance. We are an extension of your HR department. When you work with Employer Advantage, you’ll be adding senior HR professionals who can handle your payroll, hiring, workplace safety and more. 

Experienced, certified, and trusted: Payroll, Employment Taxes, Health and Benefits, Retirement, Human Resources, Employee Handbooks, Safety and Loss Prevention, Workers’ Compensation, OSHA, DOT, Timekeeping, Group Health Insurance, 401(k), Ancillary Benefits, Benefit Plan Administration, Employee Administration, Employment Regulations and Compliance, Safety Manuals and Training, Unemployment Claims Management, Worksite Inspections, Regulatory Compliance, and more.  

Headquartered in the Midwest and serving more than 400 companies and 10,000 worksite employees throughout the country, Employer Advantage is an IRS-Certified Professional Employer Organization (PEO) (C-PEO).


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FAQs content

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Ratings and Review

4.5

25 Ratings

Excellent

13

Very Good

11

Average

1

Poor

0

Terrible

0

MS

Maryann Sztenderowicz, Accountant

Sep 24th, 2021

very informative

JH

Jean Hess, CFE, CPA/CITP, CPA (US)

Feb 19th, 2022

great presentation

DWSS

Donald W Stoker Stoker, Accountant, CPA (US)

Jun 14th, 2022

wish that there had been more on the erc and amending those reports.

Amending Forms W-2 and 941

$10

1 Credit

Subject Area

Taxes

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