Form 941 and Proper Processing
This webinar will give the tools you need to complete the form correctly from line by line review to who should sign the form. Discussions on how to properly reconcile the form to avoid IRS notices will be reviewed. Along with how to deal with the IRS if a dispute does occur.
The form 941 is an essential form for all employers that pay employees and withhold federal and FICA (social security and Medicare) taxation. In recent years several changes to the 941 form have made it difficult to understand. The importance of reconciliation and completion of not only the Form 941 but Schedule B is becoming increasingly important for employers to avoid costly disputes with the IRS resulting in penalties and interest.
- 941 Basic Requirements
- Reporting Requirements
- 941 Due Dates
- Electronic Filing
- Signing Requirements
- Line by line review
- Schedule B requirements and tips
- Reconciliation of Form 941 and W-2’s at year end
- 941-x forms and how to deal with them
- IRS Notices, disputes and how to deal with them.
Dayna is currently the Payroll Tax Manager at PetSmart Inc. Dayna has been heavily involved in the payroll field over 15 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 teach... View Full Profile