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Course Details

Payroll And IRS Form 941 Update

Webinar: ID# 1038334
Live on 6/30/2020 from 1:00pm till 2:30pm EST or via On-Demand
Qty:
About This Course:
Learn about the updates to consider with IRS Form 941, essential in payroll for your employees. 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 Form 941 has made it difficult to understand. The importance of reconciliation and completing not only the Form 941 but Schedule B is becoming increasingly important for employers to avoid costly disputes with the IRS resulting in penalty and interest.

This webinar will explain proper withholding taxation so you understand the importance of withholding and reporting so that Form 941 is always accurate.What You'll Learn:Withholding Taxes
  • Calculating Taxable Earnings
  • IRS Definition of Taxable Earnings
  • Fair Market Value
  • Fringe Benefit Taxation
Social Security and Medicare Taxes
Tax Calculations
  • Tax Calculation Examples
941 Basic Requirements
  • Reporting Requirements
  • 941 Due Dates
  • Electronic Filing
  • Signing Requirements
COVID-19 Legislation That Impacts 2020 Reporting
  • Line by Line Review and Details of New 2020 Form 941 COVID-19 Credits
  • Schedule B Requirements and Tips
  • Reconciliation of Form 941 and W-2s at Year-End
  • 941-X Forms and How to Deal With Them
  • IRS Notices, Disputes and How to Deal With Them
Order:
Payroll And IRS Form 941 Update
Live on 6/30/2020 from 1:00pm till 2:30pm EST or via On-Demand
Qty:
Course Details
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