The new Form 941 released for Q2 2020 to include all the COVID-19 credits was a huge challenge to employers, but deadlines with the IRS remained the same. Some employers found out after they failed to make the deadline that they did it wrong. Now employers are asking how do I fix my mistakes. This webinar will review the new Form 941X and how it should be properly completed.
The new Form 941-X revision recommends:·
Adjusting 2Q (or later) and not making any increase or decrease to the employer share of social security tax or any of the new COVID-related lines that were added to the Q2 Form 941, strong recommendation not to use the existing Form 941-X but rather wait for the new Form 941-X revision to be released.
Session Highlights:
By Form 941X Basics
Deadlines for Filing Form 941x
Form 941X Line by Line Review
COVID-19 updates and how to fix for the new credits attending this audio conference you will learn:
Why You Should Attend:
Line by line detail of the new Form 941X
What are the legal deadlines for completing the 941X
Review of the COVID-19 Credits and how to fix them with the 941X
How to know properly claim underreported taxes or over-reported taxes.
Does the 941X always accompany a W-2C and how to know the difference?
Who Should Attend:
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.
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This webinar has been approved for 1 HR (General) re-certification credit hours toward California, GPHR, HRBP, HRMP, PHR, and SPHR recertification through the HR Certification Institute. The use of this seal is not an endorsement by the HR Certification Institute of the quality of the activity. It means that this activity has met the HR Certification Institute’s criteria to be pre-approved for re-certification credit.