Description

The IRS provides updated tax rates and changes how taxable income is calculated each year. This webinar will assist seasoned and new payroll professionals on the new legislation that needs to be considered. This webinar will also assist with W-2 processing to include W-2 to understand all the boxes on the form W-2 and what should be reported. A brief overview of year-end and W-2 best practices will also be discussed.

Review of new W-2 reporting deadlines and penalties, and updates to how we process the W-2 form. 

Will review new updated reporting requirements for the OBBBA and review the draft of the 2026 W-2 to see how the IRS is proposing to report overtime and tips.

Topics covered in the webinar:-

• Details of how to close the 2025 year to make sure your W-2’s are correct, and 941 reconciliation happens correctly.
• Review box by box of the W-2
• Most up-to-date legislation releases
• Calculating tax in 2024
• State-specific W-2 reporting and what you need to know
• W-2 Requirements
• W-2 box-by-box review
• Updated legislation to consider for W-2 and 2025
• State-by-State discussion of special W-2 considerations
• Year-End and W-2 Best Practices
• New year legislation
• OBBBA reporting updates.

Who Should Attend?

Payroll and Tax Professionals