2020 New Form W-4 And Form I-9 update: What All You Need For Compliance Requirements
PRESENTER(s): Margie Faulk, PHR, SHRM-CP
This program has been approved HRCI Credit 1.5
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Dec of 2017 The Tax Cuts and Jobs Act was passed and it was one of the most significant tax changes in sometime. This webinar will prepare for Payroll and HR professional to understand the changes to the New IRS form W-4 for 2020 and the Federal Government's Form I-9.
The IRS has issued New Form W-4 for 2020, which change the ways workers will be calculating their withholding for federal income tax purposes. And, also In February 2020, the USCIS released its long-announced revision of the New Form I-9. Federal law requires that every employer who recruits, refers for a fee, or hires an individual for employment in the U.S. must complete Form I-9, Employment Eligibility Verification. The Form I-9 process, managed by the U.S. Citizenship and Immigration Services, will help you verify your employee's identity and employment authorization.
The I-9 and W-4 forms are payroll forms that employers Must receive during the hiring process. Employers take a high risk not obtaining them prior to employment. The IRS and the USCIS both have specific rules on how to obtain, verify and process these forms. In some cases, penalties for I-9 non-compliance can result in jail time, as well as Homeland Security, the FBI, an USCIS immigration audits. If you don’t use the new W-4, it could result in your company being reviewed for under or over withholding federal income tax.
- Understand the I-9 and W-4 line by line, to make clear what information is necessary for your company to collect.
- Latest requirements for e-verification program and W-4 or Technical violations and Substantive violations
- Margie will discuss what to do with both forms when you receive them.
- What is the Council for Global Immigration and what employees are protected? and I-9 anti-discrimination provision
- For the W-4, we will discuss how the employees will be calculating the withholdings, and what it means for your payroll department.
- Know who has to give you the new W-4 vs the old one in 2020.
- Eventually get a new W-4 from all workers.
- Input the new information into your payroll system.
- Describe the new requirements of the new I9 vs the old one.
- Explain why the new requirements are important to both workers and employers
- When you must send Form W-4 to the IRS—it’s not what you think!
- Effective strategies for streamlining your processing procedures you can use right now
- How to withhold federal taxes in the absence of a valid Form W-4
- The difference between an invalid form and a “questionable” one
- How do you use e-verify and When to re-verify?
- Make decisions about workers who don’t submit the I9 or W4
- Respond to I9 related inquiries and notices from the IRS and USCIS
- What types of errors have the highest fines?
Who Will Benefit:
- Human resources professionals
- Payroll Managers /Administrators/Professionals
- Compliance officers
- Managers or supervisors
- Dept or Functional Managers
- Hiring and other HR personnel
- Business owners
- Anyone responsible for completing I-9 forms for their companies