Form 941 is the link between your payroll records and the IRS tax records. Proper administration of this vital form is critical if you want to avoid IRS Notices and the penalties and interests that accompany them. Schedule B is also a crucial form for many employers. The IRS demands that Form 941 and schedule B match to the penny…every single time…without fail!
It has always been a requirement that Forms941 be reconciled with the Forms W-2 prior to submitting each form. If the employer fails in this reconciliation, the IRS and Social SecurityAdministration can both assess penalties! This reconciliation has become even more critical these past few years.
Session Highlights:
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941 Basic Requirements
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Reporting Requirements
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941 Due Dates.
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Electronic Filing.
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Signing Requirements.
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Line-by-line review of the 2022 Form 941 1st quarter
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Pending changes to the second quarter
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Tips for completing the Schedule B—liability dates vs. deposit dates
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Tips to balance Form 941 and Schedule B to the penny—as required by the IRS
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Form due dates
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Who should sign Form 941
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Reporting third-party sick pay, group term life insurance and tips correctly
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How to reconcile Forms 941 with Forms W-2
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What to do if you discover an error in deposits for the quarter when completing Form 941
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Using the 941X form to correct Form 941
Why should you attend?
This webinar covers the IRS Form 941 and its accompanying form Schedule B for the first quarter of 2022 and the draft version already released for the second quarter. It discusses what is new for the 2022 initial version and updates the changes for the second version
As well as the requirements for completing each form line by line. It includes the filing requirements and tips on reconciling and balancing the two forms. The webinar also covers the forms used to amend or correct the returns.
Who should attend?
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PayrollExecutives/Managers/Administrators/Professionals/Practitioners/Entry LevelPersonnel
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Human Resources Executives/Managers/Administrators
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Accounting Personnel
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Business Owners/ExecutiveOfficers/Operations and Departmental Managers
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Lawmakers
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Attorneys/LegalProfessionals
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Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues
*You may ask your Question directly to our expert during the Q&A session.
** You can buy On-Demand and view it at your convenience.
Dayna Reum
Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures.
Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.