Course Description
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 Form 941 but Schedule B is becoming increasingly important for
employers to avoid costly disputes with the IRS resulting in penalties and interest.
With the several COVID-19 legislation being passed that include tax credits
for employers form 941 will be a key form to claim these credits.
In this CPE
webinar, speaker, Dayna Reum will review the tax credits along with how to
claim them on Form 941 once released. Even into 2022, we are seeing some
credits being claimed on Form 941.
The COVID-19 pandemic has significantly affected
our lives. It has always brought a lot of special legislation that impacts
employers and how to complete the quarter 941 form. A lot of the COVID-19
tax credits have been extended into 2021. A review of the updated form and
COBRA credit instructions from the IRS will be included.
Key topics covered in this course:
- COVID-19 Legislative Updates
- 941 Basic Requirements
- Line by line review 2021 Form
- Schedule B requirements and tips
- Reconciliation of Form 941 and W-2’s at year-end
This CE/CPE Tax webinar will give you the tools to understand how to properly handle the
credits specific to the legislation in 2021 that affects the filing into 2022.
It will also give you the tools to better be able to understand line-by-line Form 941.
Learning Objectives
- To discuss the details around 2022 updates to form 941.
- To review common errors as reported by the IRS.
- To review Schedule B and the importance of completing it correctly.
- To analyze who should sign Form 941.
- To discuss Employer Retention Tax credit and the new form 7200.
- To explain details around which 7200 forms should be processed.
- To discuss Social Security employer tax deferral.
Recommended For
- This Online Education Course is recommended for
CPA, EA, AFSP, CRTP,
MRTP, ORTP, SHRM, HRCI, and other tax professionals who want to understand everything about Form
941.
Who Should Attend?
- Bookkeepers & Accountants & Tax Preparers
- California Registered Tax Professional
- Certified Public Accountant (CPA)
- CPA - Mid Size Firm
- CPA - Small Firm
- Enrolled Agent
- Maryland Tax Preparers
- Oregon Tax Preparers
- Tax Attorney
- Tax Preparer
- Tax Professionals
- Young CPA
