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Let's Get Back to Basics: Withholding, Depositing and Reporting Federal Taxes

  • Training

  • 90 Minutes
  • Compliance Online
  • ID: 5974863
This webinar will cover the basics of withholding, depositing, paying and reporting payroll taxes. It will provide a good solid foundation for the payroll beginner or an excellent refresher course for the seasoned professional.

Why Should You Attend:

Once taxes are withheld and paid they must be reported and reconciled.

Which forms are used for the initial reporting and when are they due?

Which forms are used to correct already submitted forms?

These are critical questions that the payroll professional must have answers to. Although considered basic payroll issues, they are the foundation that supports quarter-end, year-end as well as all other IRS compliance issues facing the payroll department.

Every payroll professional from the seasoned veteran to the novice beginner must have a good working knowledge of these requirements to process payroll efficiently and in compliance. In this webinar, the instructor will cover the basics of withholding, depositing and reporting federal taxes, and address the questions above.

Areas Covered in the Webinar:

  • Introduction to the Federal Tax System
  • Obtaining an EIN
  • Federal Income Tax
  • Methods of withholding
  • How to handle supplemental wages

FICA Taxes

  • What is OASDI
  • What is Medicare
  • What are the current wage bases and rates
  • How to handle the Additional Medicare Tax
  • How do totalization agreements affect FICA taxes
  • Are there special rules for nonresident aliens on visa


  • Who is subject
  • Current rate and wage base
  • Effect of credit reduction
  • Computing and paying the tax
  • Basic Rules for Successor Employers
  • Basic Rules for Common Paymaster
  • Deposit Rules
  • Reporting Requirements
  • Penalties for Noncompliance

Who Will Benefit:

  • Payroll Professionals
  • Human Resources Professionals
  • Accounting Personnel
  • Business Owners
  • Lawmakers
  • Attorneys or any individual or entity that must deal with the complexities and technicalities of ensuring compliance within the payroll process

Course Provider

  • Vicki M. Lambert
  • Vicki M. Lambert,