Line-by-Line Review, IRS Updates & Compliance Essentials

Form 941 is a critical payroll tax document that all employers must file to report income taxes, Social Security, and Medicare withheld from employees’ wages. However, recent revisions—particularly in light of pandemic-era changes and the sunset of COVID-19 credits—have made accurate completion more complex than ever.

This session provides a practical, line-by-line walkthrough of Form 941, helping payroll and HR professionals avoid common errors, ensure proper reporting, and understand the role of Schedule B in preventing costly penalties. Attendees will also explore the current treatment of Employer Retention Credits (ERC), changes related to Form 7200, and considerations surrounding the expiration of the Social Security tax deferral.

Webinar Objectives

• Gain clarity on the purpose and structure of each section of Form 941.
• Understand the 2025 updates and identify frequent filing errors flagged by the IRS.
• Review the correct use of Schedule B, including key timing and reporting tips.
• Clarify who holds signing authority for Form 941 and why it matters.
• Learn how the Employer Retention Credit is handled post-2023, and the role of Form 7200.
• Review the status and implications of the Social Security tax deferral for employers.

Webinar Agenda

• 941 Basic Requirements
  • Reporting Requirements
  • 941 Due Dates
  • Electronic Filing
  • Signing Requirements
• Line by line review
• 2025 Updates
• Schedule B requirements and tips
• Reconciliation of Form 941 and W-2’s at year end

Who Should Attend

• Payroll Executives, Managers, Administrators, Professionals, Practitioners, and Entry-Level Personnel
• Human Resources Executives, Managers, and Administrators
• Accounting Personnel
• Business Owners, Executive Officers, Operations, and Departmental Managers
• Lawmakers
• Attorneys and Legal Professionals
• Anyone involved in Payroll compliance requirements

Credit(s)

IRS CPE Credits: 1 Tax hour