Payroll Reporting Training & Certification Program

Online Course: ID# 1000062

Agenda

Reporting

• Introduction
• Federal Form 941
• Penalties
• When & Where To File
• Filing Electronically
• Depositing Taxes
• Preparing the Form 941
• Employer Information
• Part 1 of Form 941: Line 1 - Number Of Employees Who Received Wages, Tips, Or Other Compensation This Quarter
• Part 1 of Form 941: Line 2 - Wages And Tips, and Other Compensation
• Part 1 of Form 941: Line 3 - Income Tax Withheld from Wages, Tips and Other Compensation
• Part 1 of Form 941: Line 4 - If No Wages, Tips, And Compensation On Line 2 Are Subject To Social Security Or Medicare Tax
• Part 1 of Form 941: Line 5 - Taxable Social Security And Medicare Wages And Tips
• Part 1 of Form 941: Line 6 - Total Taxes Before Adjustments
• Part 1 of Form 941: Lines 7-12
• Part 1 of Form 941: Line 14 - Balance Due
• Part 1 Of Form 941: Line 15 - Overpayment
• Part 2 of Form 941: Deposit Schedule And Tax Liability For This Quarter Lines 16 and 17
• Part 3 of Form 941: Tell Us About Your Business Lines 18 And 18
• Part 4 of Form 941 Can The IRS Contact The Company's Third-Party Designee?
• Part 5 of Form 941 Sign here — Who Must Sign The Form 941?
• Reconciling Forms W-2, W-3, and 941
• Correcting The Form 941
• Correcting The Form 941
• Completing The Form 941-X
• Part 1 Of Form 941-X: Select Only One Process
• Part 2 Of Form 941-X: Complete The Certifications
• Part 3 Of Form 941-X Enter the Corrections for This Quarter
• Part 3 Of Form 941-X Enter the Corrections for This Quarter
• Part 4 Of Form 941-X: Explain Your Corrections for This Quarter
• Part 5 Of Form 941-X: Sign Here

Reporting Using Alternative IRS Forms

• Introduction
• Form 941M
• Forms 941-PR and 941-SS
• Form 943
• Form 944
• Form 945

Multiple Worksite Report

• Introduction
• Multiple Worksite Report
• Who Should Complete The Multiple Worksite Report?

Year End

• Introduction
• Required Notice To Employees
• Introduction To Form W-2
• What Is The Form W-2?
• Who Must Receive The Form W-2?
• How To Complete The Form W-2
• Issuing The Form W-2 To Employees
• Submitting the Form W-2
• Completing Boxes a-f

Year End/Beginning

• State Of The Payroll Address
• Introduction
• Form W-2 Wage and Tax Statement
• Special Circumstances Reporting
• Special Circumstances Reporting, Continued
• Special Circumstances Reporting, Continued
• Special Circumstances Reporting, Continued
• Penalties
• Terminating A Business
• Completing the Form W2
• Completing the Form W2, Continued
• Completing the Form W2, Cont'd
• Completing the Form W2, Cont’d
• Completing the Form W2, Continued
• Completing the Form W2, Continued
• Completing the Form 940
• Part 1 of Form 940: Tell Us About Your Return
• Part 2 of Form 940 - Determine The FUTA Tax Before Adjustments
• Part 2 of Form 940 - Determine The FUTA Tax Before Adjustments for 2010
• Part 3 of Form 940: Determine Adjustments
• Part 3 of Form 940: Determine Adjustments, Continued
• Part 4 of Form 940: Determine The FUTA Tax
• Part 5 of Form 940: Report The Company's FUTA Tax Liability by Quarter Only if Line 12 Is More Than $500.00
• Part 6 of Form 940: May We (the IRS) Speak With The Company’s Third-Party Designee?
• Part 7 of Form 940: Sign Here
• Form W-2c Corrected Wage And Tax Statement
• Correcting An Employee's Name And/Or SSN Only
• Employee's Incorrect Address On Form W-2
• Correcting More Than One Form W-2 for An Employee
• Repayments
• Completing the Form W-2c
• Form W-3c, Transmittal Of Corrected Wage And Tax Statements
• Instructions For Form W-3c
• Submission of Forms W-2
• Form 1099-MISC
• Online Filing Of Forms W-2 And W-3
• Form W-3
• Completing The Form W-3
• Preparing For Year End
• Year- End Checklist
• Form W-2 Checklist
• Year Beginning Checklist
• State Of The Payroll Address
• Sample of State of the Payroll Address Memo
• Issuing Duplicate Forms W-2
• Sample Request For Duplicate Form W-2 for Tax Year: (Insert Year Here)
• Reconciliation Of Form W-2
• Reconciliation Of Form 941 To The Payroll Records