Read this now
IRS Alternative Withholding Methods: Keys to Avoid Tax Penalties
On-Demand Recording
To better approximate employees' tax withholding in these instances, the IRS developed alternatives to the traditional withholding methods. These methods provide a withholding amount that is closer to the "correct" amount of withholding required to meet the employee's tax obligation.
Join us to learn how to apply these IRS alternate methods for more accurate withholding, plus tips for evaluating your own employer-developed method. In our 60-minute program, you'll discover:
- Keys to compute correct annual withholding to avoid under withheld tax penalties
- How to use IRS alternative wage bracket and percentage method tables
- When and which alternative method may be used by the employer
- Tips to smooth the withholding process when compensation varies across pay periods
- The IRS four alternative methods – when and how to apply them
The IRS Four Alternative Withholding Methods: When to Best Apply Each Option
- Annualized wage method – what it does, when and how to use it
- Average wage method – when this option may be best
- Cumulative wage method – why payroll may choose this method
- Part-year employment method – when and to whom it applies
- Other methods and maximum permissible deviations rules
Alternative Withholding Method Guidelines for More Accurate Payroll
- Computing the correct or target annual withholding to avoid tax penalties
- How to use IRS alternative wage bracket and percentage method tables
- Which alternative methods may only be used if the employee requests it
- Soften the impact of bonus payments on withholding without changing the W-4
Withholding Practice to Ensure Compliance
- The requirement to withhold and Form W-4 claims
- Methods used to compute withholding on supplemental pay
- Test employer designed withholding methods for IRS compliance
- Using the daily or miscellaneous withholding tables
Live Question & Answer Session – get your specific questions answered!
Program Benefits
Irregular pay amounts, work schedules and bonus make it hard to accurately calculate how much tax to withhold from employees, but the IRS alternative withholding methods can help. Join us to learn when these methods apply, and understand when best to use each option.
Register Now
FOR ONLY $99
Receive all the valuable tools, guidance, and materials as if you attended live!
Get access to all of our workshops plus much more with a subscription to HRMorning Insider.
Get
Guaranteed to be Good
All training experiences include a 7-day 100% money-back guarantee.
HRCI CREDITS
This program has been approved for 1 (HR (General)) recertification credit hour toward aPHRTM, aPHRiTM, PHR®, PHRca®, SPHR®, GPHR®, PHRiTM and SPHRiTM recertification through the HR Certification Institute. Learn more at hrci.org
