Browse by Category

Browse

Form W-4 and Publication 15-T: Overcome Implementation Hurdles

Venue

This is a virtual event, accessible online and over the phone. Access instructions will be provided after registration.

Description

The final 2020 Form W-4, Employee’s Withholding Certificate, was released Dec. 4, and the final Publication 15-T, Federal Income Tax Withholding Methods, is to be released by Dec. 31. The revised form and instructions must be implemented starting Jan. 1, and the IRS is not to extend a grace period for complying with the new requirements. Employers will need to become familiar withholding methods that rely on dollar-amount adjustments and with methods that are compatible with forms issued before 2020.

This webinar focuses on finalized Form W-4 instructions, additional IRS guidance, and changes to withholding methods for 2020.

This webinar will cover:

  • The layout of the new Form W-4
  • The Form W-4’s options for adjusting withholding in 2020
  • IRS guidance on employees exempt from withholding, lock-in letters, and invalid Forms W-4
  • Expanded Publication 15-T instructions added to the most recent draft
  • Withholding using 2020 Forms W-4 vs withholding using pre-2020 forms
  • The role of withholding allowances in 2020
  • Changes to percentage method and wage bracket methods of withholding
  • Comparisons to current withholding methods
  • State withholding issues

Educational objectives:

  • Identify changes to Form W-4 and its instructions
  • Explain changes to withholding methods for 2020
  • Discuss how new methods remain compatible with older Forms W-4
  • Calculate withholding using the 2020 Form W-4 and older forms

Who would benefit most from attending this Bloomberg Tax webinar?

Payroll practitioners, payroll managers, human resources professionals and managers, tax accountants, tax attorneys

Presenters

Jazlyn Williams
  • Editor/Writer
  • Bloomberg Tax & Accounting

Jazlyn Williams, editor/writer, primarily covers unemployment insurance and workers' compensation developments for Bloomberg Tax's Payroll publications. She completed her B.A. in English at Duke University with a concentration in creative writing and a minor in Latino Studies.

Howard Perlman, CPP
  • Practice Lead, Payroll Taxation and Administration
  • Bloomberg Tax & Accounting

Howard Perlman is a Certified Payroll Professional and Practice Lead for Payroll Taxation and Administration at Bloomberg Tax and Accounting. He has been with Bloomberg Tax and Accounting since 2010.

Continuing Education

Credits:
1.0 General COA, 1.0 RCH
Level:
Any
Production Date:
01/08/2020