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Tips and Updates for Handling Year-End Payroll Taxes


Product Code - PYAU01
Speaker(s): Jerri LS Langer, J.D., L.L.M., COKALA Tax Information Reporting Solutions
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Have you implemented all the necessary payroll tax legislative changes for this year? Are you set with employees for the start of the New Year with proper plans for handling new Forms W-4 and implementation of new wage thresholds for Social Security and Medicare and all the different benefit plans?  Will your year-end procedures guide you safely through a correct set of W-2s and balanced Forms 941? Do you know how to get IRS transcripts to make sure your accounts are in balance, which ones to get and how to read them? Have you caught all the fringe benefit items that need to be specially added to Forms W-2 at yearend, such as for personal use of company auto, the cost of group-term life insurance over $50,000, and fringe benefits paid to shareholders of S corporations?

The big tax law enacted December 17, 2010, and recent health care reform have major impact on payroll tax requirements. Do you understand what is needed for 2011? The FUTA rate dropped midyear 2011. What is next for us? 

Join us for this up-to-the-minute webinar covering reporting requirements for Forms W-2 and 941, requirements under health care reform, the loss of advanced earned income tax credit, special W-4 needs for 2012, thresholds for fringe benefits such as transportation and dependent care, FUTA updates and tips for a successful year-end.  

Join noted Jerri LS Langer, J.D., L.L.M., as she covers handling year-end for 2011. In this webinar you will learn:  

  • What is new in the 2011 Forms W-2 and W-3
  • What has changed for Forms 941
  • How to balance Forms W-2 with the totals on Forms 941
  • How to get IRS transcripts, which transcripts are important and how to use them in yearend processing
  • How to report in Box 12 of the W-2 and why it will be important to get the numbers right this year.
  • More about Health Care Benefits for Children Under Age 27
  • How the fair market value reporting of health insurance on W-2 will be implemented in 2012.
  • What is required to provide the employee for 2012 and what is new about the 2012 W-4.
  • 2012 thresholds and limits for many fringe benefits, such as HSAs, dependent care, transportation, §401(k), and many more.
  • What is happening with FUTA and the lowered rate?
  • And much more!

Jerri LS Langer, J.D., L.L.M., COKALA Tax Information Reporting Solutions

Langer
Jerri LS Langer
, J.D., L.L.M., is a founding member of COKALA Tax Information Reporting solutions, and a nationally recognized information reporting and withholding consultant who provides a wide range of tax advisory services to many Fortune 500 companies around the world. She received her J.D. and L.L.M. in Taxation from the University of Florida College of Law (1982) and is a member of the Florida and Michigan bars. She is a past member of the IRS Commissioner’s Information Reporting Program Advisory Committee (IRPAC) and served IRPAC as its Subcommittee Chair on Legislation and Regulatory Matters. Jerri was the founding Government Relations Chair for the National Association of Tax Reporting and Payroll Management (NATRPM) and currently serves on the NATRPM Board. In her previous role as Director in Balance Consulting, an organization specializing in tax reporting and withholding compliance, Jerri coordinated the firm’s professional advisory services, as well as the administration of tax advisory services to financial industries. Prior to joining Balance Consulting, she served ProBusiness Services Inc., a Fortune 500 payroll service company, as its chief tax compliance officer where she orchestrated a new merger & acquisition service, as well as managed tax controversy and government relations areas. Jerri learned much of her trade as a Director in Deloitte & Touche, where she gained a national reputation assisting clients in complying with domestic and international tax matters, as well as other tax reporting and withholding requirements. Earlier, as a tax advisor on Wall Street, she gained significant operational experience in domestic and international brokerage, banking and insurance operations and product development, as well as in retirement plan and employee benefits processing. Jerri is the author of Aspen Publishers’ Ohio Payroll Guide and contributes to Aspen Publisher’s Payroll Answer Book, both widely circulated publications. She also authored the first BNA Tax Portfolio on U.S. Information Reporting and Backup Withholding, and is frequently quoted in many trade journals.