This webinar will be covering the major factors of the new 2020 Form W-4. Some of the areas that will be discussed include explaining the reason for a new design of the Form W-4, explaining and reviewing the steps to take in preparing a new Form W-4 (steps 1-5), and explaining who must use 2020 Form W-4. Also included will be an overview of Publication 15-T, a withholding example for automated payroll systems, and withholding example for manual payroll systems using the Wage Bracket Method. It will finish showing IRS.gov resources and reviewing key points of the presentation.
IRS
Stakeholder Liaison
(804) 916-3892
Herbert D. (Ley – sounds like “Lee”) Mills is a Senior Stakeholder Liaison - Field, which is part of Communications & Liaison operating unit at the Internal Revenue Service. He has been with the Service for 29 years, consisting of 11 years as a Revenue Agent in Compliance and the remaining years as a Senior Stakeholder Liaison. As a Revenue Agent, Ley audited Federal Income Tax Returns for various corporations, partnerships, and self-employed individuals. He also served as the VITA (Volunteer Income Tax Assistance) Program Coordinator in Northern Virginia (the program helped over 6,000 taxpayers annually). And he served on the District Speakers Bureau. As a Senior Stakeholder Liaison, Ley works with tax practitioner and professional organizations in a variety of ways to help its members stay up-to-date on relevant tax issues.
CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222