Webinar

Form 941 for 2020: What you Need to Know

60 min. Tuesday March 10th | 10am PT / 12pm CT

Approved for 1.0 certification hour through 4/30/2020

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Form 941 for 2020: What you Need to Know

Form 941 for 2020: What you Need to Know

This webinar covers the IRS Form 941 and its accompanying Form Schedule B for 2020. It discusses what is new for the form in 2020 and covers the requirements for completing each form line by line. It includes the filing requirements and tips on reconciling and balancing the two forms.
Form 941 is the link between your payroll records and the IRS tax records. 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!

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

What you will learn

  • What's new for 2020 including the new qualified small business payroll tax credit
  • Line by line review of the 2020 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
  • How to reconcile the Forms 941 with the Forms W-2
  • What to do if you discover and error in deposits for the quarter when completing the Form 941

About the Speaker -Vicki Lambert

Vicki Lambert_headshot

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 nearly 40 years of hands-on experience in all facets of payroll functions as well as over three decades 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 instructor for the American Payroll Association’s “PayTrain” online program also offered by Brandman University.

Important About Accreditation

*This webinar has been submitted by APA for 1 (one) general RCH credit. You must attend the entire one-hour live webinar session per APA rules and regulations to qualify for credit. If approved, you will be sent an email containing program codes within 30 days of the date of presentation.

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