form-941-compliance

Form 941 Compliance

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CEU Approved

  • 60 minutes

Hurry!!! Early Bird Offer- $69 (*Offer valid for Limited attendees Only)

The quarterly Form 941 reports employee headcount, wages and tips, taxes withheld from employee pay and employer taxes, and tax liability dates that establish due dates for tax deposits. It is the basis for IRS determination of employer compliance with the requirement to withhold and deposit employee income tax and Social Security and Medicare taxes. The tax liability section and Schedule B provide the basis for IRS assessment of deposit penalties.

In this webinar expert speaker Patrick A Haggerty, will explain about the correcting errors using Form 941-X including determining when to file, whether to file for an adjustment or a claim for refund, the certification and documentation requirements for recovering overpaid tax, and also discuss how to handle retroactive reclassification of workers from independent contractors to employees.

Session Highlights:

  • Know how to prepare an error-free Form 941

  • Know when to use Form 941 or the related Forms 944, 943, and 945

  • Understand what constitutes taxable wages and why the amounts are different for different taxes

  • Know how to report tax amounts and how to make adjustments for rounding errors

  • Know the filing due dates Understand the proper reporting of federal tax liability

  • Know who should sign the Form 941 and what the signature represents

  • Know when and how to report third-party sick pay, group term life insurance, and tips Understand the importance of reconciliation of Forms 941 with the Forms W2

  • Know how to use Form 941-X to amend Form 941

  • Understand how to make interest free adjustments and refund claims

  • Know which certifications and employee statements are required for refunds

  • Be aware of reporting adjustments due to worker reclassification

Why You Should Attend:

This webinar covers the fundamental aspects of Form 941 including when to use Form 943, Form 944, or Form 945 instead of Form 941. It also covers the determination of the tax deposit period and the due dates for deposits, a line by line walkthrough of Form 941, special adjustments required for certain reconciling items such as fractions of cents, uncollected Social Security and Medicare taxes on group term life insurance and tips, and sick pay.

Who Should Attend:

  • Payroll Supervisors and Personnel

  • Payroll Consultants

  • Payroll Service Providers

  • Public Accountants

  • Internal Auditors

  • Tax Compliance Officers

  • Enrolled Agents

  • Employee Benefits Administrators

  • Officers and Managers with Payroll or Tax Compliance Oversight

  • Company / Business Owners

  • Managers / Supervisors

  • Public Agency Managers

  • Audit and Compliance Personnel / Risk Managers



*You may ask your Question directly to our expert during the Q&A session.
** You can buy On-Demand and view it as per your convenience.


Patrick Haggerty

Patrick Haggerty

Pat Haggerty is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice. He began teaching accounting at the college level in 1988. He is licensed as an Enrolled Agent by the U. S. Treasury to represent taxpayers at all administrative levels of the IRS and is a Certified Management Accountant. He has written numerous articles and a monthly question and answer column for payroll publications. In addition, he regularly develops and presents webinars and presentations on a variety of topics including Payroll tax issues, FLSA compliance, information returns, and accounting.

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Edupliance is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1 PDC for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.


This webinar has been approved for 1 HR (General) recertification 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 recertification credit.

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