Description

This webinar covers the IRS Form 941 and its accompanying Form Schedule B for 2026. It discusses what is new for this version as well as the requirements for completing each form line by line. It includes the filing requirements and tips on reconciling and balancing the two forms. The webinar also covers the forms used to amend or correct the returns. 

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. 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 Forms 941 be reconciled with 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. 

Area Covered in this Session:

• Line-by-line review of the 2026 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

Learning Objectives:

• Explore the requirements for completing and filing the Form 941
• Discover how to properly complete and reconcile the Schedule B
• Recognize the requirements for completing and filing the Form 941-X

Who should Attend

• HR Professionals 
• Admin and Payroll 
• Finance Professionals