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 forms have made it difficult to understand. The importance of reconciliation and completion of not only Form 941 but Schedule B is becoming increasingly important for employers to avoid costly disputes with the IRS resulting in penalties and interest.

This webinar will give you the tools to better be able to understand line by line of Form 941.

Details around 2023 updates to the form 941 and review of common errors as reported by the IRS.

Review of Schedule B and the importance of completing it correctly

Review of who should sign Form 941

Learning Objectives:

• 941 Basic Requirements

o Reporting Requirements

o 941 Due Dates

o Electronic Filing

o Signing Requirements

• Line-by-line review
• 2023 Updates
• Schedule B requirements and tips
• Reconciliation of Form 941 and W-2s at year-end