A major task of Payroll departments is providing W-2 Forms to employees and to the Social Security Administration. The Forms must be correct, complete, and filed on time or the employer may face stiff penalties. This webinar will discuss new reporting requirements and changes to the 2026 Form W-2 under the “No Tax on Tips” and “No Tax on Overtime” provisions of the One Big Beautiful Bill Act.

The webinar covers steps to take now to prevent or reduce filing problems and errors and how to handle special filing situations. How to verify employee name/number combinations, and how to file the forms electronically as well as on paper. It will identify common and not so common errors and adjustments that affect Forms W-2 and the steps to take when errors are discovered, cover the use of Form W-2c to make corrections and the due diligence steps that can establish reasonable cause for penalty abatement. 

Why You Should Attend:

Payroll taxes are a serious issue for the IRS. Two thirds of federal taxes are collected through the payroll tax system. By law, employers must withhold federal income, Social Security and Medicare taxes from employees’ wages. Employers are required to timely and correctly report this information using Form W-2 to both the Social Security Administration and to employees or face stiff penalties for noncompliance. 

This webinar will provide you with information and resources you need for successful compliance with the reporting requirements and for establishing due diligence and reasonable cause for penalty avoidance when errors occur or corrections need to be made. 

Learning Objectives:

  • Identify the top 5 mandatory policy updates for 2026, including pay transparency, AI transparency, and expanded family leave protections
  • Draft clear, enforceable language regarding the use of AI tools and automated decision systems in the workplace.
  • Evaluate existing remote and hybrid work policies to align with 2026 productivity standards and employee well-being goals.
  • Integrate company core values into technical policy language to improve employee engagement and "buy-in."
  • Implement a quarterly review framework to keep handbooks current without overwhelming the HR department.

Information covered in the presentation:

  • New recordkeeping and reporting requirements for qualified tips and qualified overtime.
  • Definition of qualified tips
  • Definition of qualified overtime and how to compute it.
  • How Social Security resources can be used to prepare, submit, and correct W-2 forms
  • Due dates for filing and furnishing W-2 Forms and penalties for non-compliance
  • Penalties for late or incorrect W-2 Forms: Due diligence procedures to avoid penalties
  • Actions to be taken before year end to avoid employee information errors
  • Forms W-2 and W-3 line by line: What goes in all those boxes?
  • New Box 12 codes for 2026
  • Changes made to current Forms W-2 and W-3
  • The common W-2 errors, how to avoid them and how to correct them
  • What to do when an employee’s name or tax ID number is incorrect
  • Methods to reconcile Forms W-2 and 941 and what to do if differences are discovered

Who Will Benefit:

  • Accounting professionals who are involved in the processing of Form W-2
  • Payroll Supervisors and Personnel
  • Payroll Consultants and Payroll Service Providers
  • Public Accountants and Enrolled Agents
  • Internal Auditors and Tax Compliance Officers
  • Employee Benefits Administrators
  • Officers and Managers with Payroll or Tax Compliance Oversight
  • Company / Business Owners
  • Managers/ Supervisors
  • Public Agency Managers
  • Audit and Compliance Personnel / Risk Managers

Credits and Other information :

  • SHRM | HRCI: 1.5
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • Attendance Requirement: Yes
  • Session Duration: 90 Min
  • Case Studies and Live Q&A session with speaker

HRCI Credits | SHRM Credits

  • SHRM | HRCI: 1.5
  • HRCI Credits:
  • SHRM Credits:

Taxmarket Watch is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please portal.shrm.org.

HR Certification Institute’s® (https://www.hrci.org) official seal confirms that Taxmarketwatch meets the criteria for pre-approved recertification credit(s) for any of HRCI’s eight credentials, including SPHR® and PHR®.

This Program, has been approved for 1.5  HR (General) recertification credit hours toward aPHR®, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™recertification through HR Certification Institute® (HRCI®).

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 The transcript offers comprehensive written material from the webinar, ensuring you have detailed documentation of the content presented.

 On demand session is when we conduct the webinar as per your available dates after the live training. You will get access to the training for 24 hours.

4. Is there an opportunity to ask questions to the speaker during the session?

Each webinar wraps up with a Q&A session, giving you the opportunity to interact with industry experts and receive answers to all your queries.

5. We provide the following CE credits to the professionals on the approved courses.

  • IRS
  • HRCI
  • SHRM

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Your educational credits will be reported to the appropriate licensing and regulatory bodies within 5-7 business days

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  • Speakers and a microphone – built-in, USB plug-in, or wireless Bluetooth

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