Form 941 is essential 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 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.

The COVID-19 pandemic has also caused additional legislation to be passed that impacts Form 941. This presentation will review the latest updates and all the legislation that has changed the COVID credits that impact Form 941 till current.What You'll Learn:941 Basic Requirements

• Reporting Requirements
  
• 941 Due Dates
  
• Electronic Filing
  
• Signing Requirements

Line-By-Line Review Including New Tax Credit Lines

2023 Updates and What to Watch for

Schedule B Requirements and Tips

Reconciliation of Form 941 and W-2S at Year-End