The New Form W-4 For 2020 - And How Federal Withholding Is Now Calculated

This training session will help the payroll professional to understand the changes to the form W-4 for 2020 – as well as how to calculate taxes in 2020.

As you know, the Form W-4 is a critical form that all companies have to obtain from employees, as it drives how federal income withholding tax is calculated. The changes to the W-4 will be the largest change to the form in US History, so you'll want to make sure you fully understand these changes. As such, this training session will give instructions about the new form, as well as how the new form will impact taxation.

• Understanding the proper way to process the Form W-4
• Review and examples on the new ways to calculate federal taxation in 2020
• Electronic W-4 requirements - and what the new form means for employers with electronic W-4 systems
• Understanding the requirements around Form W-4 and how an employer can be at risk
• IRS Form W-4 change requirements - and how it affects you as an employer
• Employer notification requirements and important deadlines for both Form W-4
• Discussion on what makes the Form W-4 invalid
• What should be the proper process for an invalid W-4 in 2020
• Proper processing and maintenance of an IRS lock in letter
• Best Practices on how employers can better communicate W-4 changes to employees
• Specific laws around processing of the Form W-4 in 2020 also will be discussed