IRS Forms Update 2016 & Handling an IRS Dispute

Pre Recorded | Best Sellers

  • 60 minutes

As IRS tax forms change annually, it is important to understand tax forms as it needs to be completed on a quarterly and an annual basis.

Not only Form 941 should be reconciled with Schedule B but also with Form W-2, when submitted to the Social Security Administration for assessment of Penalties, Fines and Interest. 

It becomes an extremely difficult task to complete the Tax Forms when Employer offers benefits. Third party sick pay is a perfect example of such a benefit. It is important to know how to report the wages and taxes withheld or paid as it is crucial to complete the form correctly.

This webinar by our expert speaker Dayna Reum covers the IRS Form 941, 940 and its accompanying Form Schedule B for 2016.  It discusses what is new in the Tax form in 2016 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.

This webinar will do a review and inform about changes in Form 941, 940 & W-2 for 2016. A brief overview of the new ACA forms will be included for reference. The webinar also covers the forms used to amend the returns.

Key Features of the Webinar:

  • Quarterly Tax Reporting-Form 941

  • Form Reporting Requirements

  • Deadlines and Penalties

  • Line by line review of the 2016 Form 941

  • Tips for completing the Schedule B—liability dates vs. deposit dates

  • Tips to balance Form 941 and Schedule B to the penny—as required by the IRS

  • Form due dates

  • Annual Employee Reporting-Form W-2

  • Box by Box overview

  • Common Mistakes

  • How to reconcile the Forms 941 with the Forms W-2

  • What to do if you discover an error in deposits for the quarter when completing the Form 941

  • Using the 941X form to correct the Form 941

  • Annual FUTA Reporting-Form 940

  • Basics of Form 940

  • Changes to Form 940

  • Common Mistakes

  • Handling an IRS Dispute

Who Should Attend

  • Payroll Professionals

  • Human Resources and Accounting Personnel

  • Business Owners

  • Lawmakers

  • Attorneys 

  • Any individual or entity that must deal with the complexities and technicalities of the payroll process

Dayna Reum

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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