form-941-for-2020-what-you-need-to-know

Form 941 for 2020: What You Need to Know

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On Demand | CEU Approved

  • 90 minutes
  • 0 Day Left
     Mar 09, 2020 - Mar 31, 2020
  •   08:00 AM - 09:30 AM ET
    05:00 AM - 06:30 AM PT

This webinar covers the IRS Form 941 and its accompanying Form Schedule B for 2020.  It discusses what is new for the form in 2020 and covers 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.

Join this session with our expert Vicki Lambert, she helps you understand the new IRS Form 941 and its accompanying FormSchedule B (1040A or 1040).

Session Highlights:

  • For the attendee to understand the requirements for completing the 2020 Form 941 correctly line by line.

  • To ensure that the attendee has the basic knowledge to complete the Form Schedule B according to the IRS regulations and to ensure that it reconciles down to the penny with the Form 941 prior to submission.

  • To ensure the attendee knows when a Form 941-X is required and provide the attendee with the basic knowledge of how to complete Form 941-X.

  • To demonstrate to the attendee the reconciliations needed under IRS and Social Security Administration regulations.

Why You Should Attend:

Businesses typically need to file Form 941 if they have employees and withhold income tax, social security, and Medicare tax from their wages.

Specifically, they need to file form 941 to report the following payroll-related amounts. If any of these factors apply to your business, you need to file Form 941.

  • Wages paid

  • Tips reported to you by employees

  • Federal income tax withheld

  • Employer and employee share of social security and Medicare taxes

  • Any additional Medicare Tax withheld from employees

  • Current quarter adjustments to Medicare taxes and social security for sick pay, tips, group-term life insurance and fractions of cents

  • Small business payroll tax credit

Who Should Attend:

  • Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel

  • Human Resources Executives/Managers/Administrators

  • Accounting Personnel

  • Business Owners/Executive Officers/Operations and Departmental Managers

  • Lawmakers

  • Attorneys/Legal Professionals

  • 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.

Vicki  Lambert

Vicki Lambert

Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations. 

With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today.

A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the Program Developer, Subject Matter Expert (SME), and Facilitator for the Certificate in Payroll Practice and Management Program offered by Cengage Learning / Ed2Go through hundreds of colleges and universities across the country.

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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 1.5 PDCs 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 1.5 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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