ComplianceOnline

Form 941 for 2017: All You Need to Know

Instructor: Vicki M. Lambert
Product ID: 703804
  • Duration: 90 Min

recorded version

$299.00
1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section
Last Recorded Date: Feb-2017

Training CD

$499.00
One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days

Customer Care

Fax: +1-650-565-8542

Email: customercare@complianceonline.com

Read Frequently Asked Questions

This webinar will review the IRS Form 941 and its accompanying Form Schedule B for 2017. It will discuss what is new for the form in 2017 and will detail the requirements for completing each form. The webinar instructor will specify filing requirements and offer tips on reconciling and balancing the two forms. The training program will also cover the forms used to amend or correct the returns.

Course "Form 941 for 2017: All You Need to Know" has been pre-approved by HRCI as eligible for 1.5 credits towards a participant's recertification upon full completion.
“The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program”.

Why Should You Attend:

This 90-minute presentation will help attendees:

  • Understand the changes made to Form 941 for 2017
  • Guide them in completing the Form 941 properly to ensure compliance with IRS requirements
  • Ensure that the accompanying Form Schedule B is also completed correctly and balances to the penny with the Form 941
  • Gain an understanding of the basic requirements to correct a previously submitted Form 941 or Form Schedule B
  • Understand the necessary reconciliations that must be performed to ensure compliance with both IRS and the Social Security Administration’s regulations
  • List the forms used to amend the returns

Areas Covered in the Webinar:

  • What’s new for 2017 including the new qualified small business payroll tax credit
  • Line by line review of the 2017 Form 941
  • Tips for completing the Schedule B—liability dates vs. deposit dates
  • Tips to balance Form 941 and Schedule B to the penny—as required by the IRS
  • Form due dates
  • Who should sign the Form 941
  • Reporting third party sick pay, group term life insurance and tips correctly
  • How to reconcile the Forms 941 with the Forms W-2
  • What to do if you discover an error in deposits for the quarter when completing the Form 941
  • Using the 941X form to correct the Form 941

Who Will Benefit:

  • Payroll professionals
  • Human resources
  • Accounting personnel
  • Business owners
  • Lawmakers
  • Attorneys
  • Any individual or entity that must complete and submit the IRS Form 941 and/or the accompanying Form Schedule B
Instructor Profile:
Vicki M. Lambert

Vicki M. Lambert
Payroll Authority and Instructor, The Payroll Advisor

Vicki M. Lambert, CPP, is president and academic director of The Payroll Advisor™, a firm specializing in payroll education and training. The company’s website www.thepayrolladvisor.com offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations.

With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today.

A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the Program Developer, Subject Matter Expert (SME), and Facilitator for the Certificate in Payroll Practice and Management Program offered by Cengage Learning / Ed2Go through hundreds of colleges and universities across the country.

Topic Background:

The Form 941 is the link between your payroll records and the IRS tax records. It is one of the most important compliance areas that the payroll department must navigate and it must be done correctly down to the penny. Proper administration of this vital form is critical if you want to avoid IRS notices and the penalties and interest that accompany them. The Schedule B is also a crucial form for many employers. The IRS demands that the Form 941 and the Schedule B match to the penny every single time without fail. And in recent years, with all the changes to the form that has become more difficult.

Not only must the Form 941 be reconciled to the Schedule B it must also be reconciled to the Forms W-2 submitted to the Social Security Administration or penalties, fines and interest again can be assessed. Often, the benefits an employer offers make completing the form correctly an extremely difficult task. Third party sick pay is a perfect example of such a benefit. Knowing how to report the wages and taxes withheld or paid is crucial to completing the form correctly. Whether the employer pays the wages and withholds the taxes directly, has an insurance company who is their agent handle this for them, or the third party sick pay is handled by an insurance company that is not the employer’s agent determines not only the taxation of wages but the reporting on Form 941. Group term life insurance is also another benefit that affects completing the form. If an employer has employees who are no longer on the payroll but are still covered under the group term life insurance plan accounting for the employee share of the FICA taxes has its own requirements. For employers with tipped employees the form becomes even more complicated. These employers must know how to adjust for uncollected FICA taxes.

It has always been a requirement that the Forms 941 be reconciled with the Forms W-2 prior to submitting each form. But this reconciliation has become even more critical these past few years. The IRS and the Social Security Administration can both assess penalties if the employer fails in this reconciliation.

Follow us :
eCTD Submissions of IND and NDA/BLA to the US FDA, EU and Canada
Computer System Validation - Reduce Costs and Avoid 483s

Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email customercare@complianceonline.com call +1-888-717-2436 (Toll Free).

Product Reviews

This product hasn't received any reviews yet. Be the first to review this product! Write review

Best Sellers
You Recently Viewed
    Loading