Form 941 Reporting Update for 2016

The 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 has made it difficult to understand. The importance of reconciliation and completed of not only the Form 941 but Schedule B is becoming increasingly important for employers to avoid costly disputes with the IRS resulting  penalty and interest.

This webinar will give the tools you need to complete the form correctly from line by line review to who should sign the form. Discussions on how to properly reconcile the form the avoid IRS notices will be reviewed. Along with how to deal with the IRS, if a dispute does occur.

Areas Covered in this Webinar:

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

Learning Objectives:

• 941 line by line review
• Schedule B requirements and tips
• Reconciliation of Form 941 and W-2’s at year end
• 941-x forms and how to deal with them
• IRS notices, disputes and how to deal with them 

Who Will Benefit:

• Payroll Professionals
• Accounting Professionals
• HR Professionals
• Tax Managers
• Controllers
• Recordkeeping Professionals

Dayna J. Reum

Dayna is currently the Director of Payroll Operations at a major medical center in 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.