Form 941: What’s Next For 2025?

Marketing and Empathy Psychology

By - Vicki M. Lambert, CPP

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Preview:

This webinar covers the IRS Form 941 and its accompanying Form Schedule B for 2025. 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.

Background:

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.

Learning Objectives:

For the attendee to understand the requirements for completing the latest version of the Form 941 correctly line by line.
To ensure that the attendee has the basic knowledge to complete Form Schedule B according to the IRS regulations and to ensure that it reconciles down to the penny with the Form 941 prior to submission.
To ensure the attendee knows when a Form 941-X is required and provide the attendee with the basic knowledge of how to complete Form 941-X.
To demonstrate to the attendee the reconciliations needed under IRS and Social Security Administration regulations.

This Presentation will cover:

Line by line review of the 2025 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 Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
Human Resources Executives/Managers/Administrators
Accounting Personnel
Business Owners/Executive Officers/Operations and Departmental Managers
Lawmakers
Attorneys/Legal Professionals
Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues

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Webinar Type

Clear

Speaker Detail

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, Payroll 24/7, which keeps payroll professionals up-to-date on the latest rules and regulations. With over 40 years of hands-on experience in all facets of payroll functions as well as over 30 years as an educator, training program developer, 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 instructor for the American Payroll Association’s “PayTrain” online program also offered by Brandman University.