Description

Form 941 remains a critical connection between an employer’s payroll records and the IRS tax records. Proper administration of this form is essential for avoiding IRS notices, penalties, interest, and reconciliation issues that can arise when payroll tax reporting does not match required records.

This course covers the 2026 IRS Form 941 and its accompanying Schedule B, including what is new for the 2026 version and the requirements for completing each form line by line. The course explains filing requirements, due dates, signature responsibilities, and practical tips for reporting items such as third-party sick pay, group term life insurance, and tips correctly.

Session Highlights:

• Line-by-line review of the 2026 Form 941
• Schedule B liability dates versus deposit dates
• Balancing Form 941 and Schedule B to the penny
• Form 941 due dates and signature requirements
• Reporting third-party sick pay, group term life insurance, and tips
• Form 941, Schedule B, Forms W-2, and Form 941-X reconciliation and correction issues

Why You Should Attend:

Participants will also review how to reconcile Form 941 with Schedule B and Forms W-2, how to balance the forms to the penny as required by the IRS, and what steps to take when deposit or reporting errors are discovered. The course also addresses the use of Form 941-X to amend or correct previously filed returns.