This webinar covers 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, penalties, and interest that accompany them. Schedule B is also a crucial form for many employers. The IRS demands that Form 941 and 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 the Social Security Administration can both assess penalties. This reconciliation has become even more critical in recent years.
What This Webinar Will Cover
- 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
Why You Should Attend
Form 941 is one of the most important payroll tax forms employers must file each quarter, and mistakes can result in costly IRS penalties and notices. In this informative session, payroll expert Vicki M. Lambert will explain how to properly complete the 2026 Form 941 and Schedule B. Attendees will gain practical guidance on reconciling payroll records, avoiding common reporting errors, and ensuring the forms balance correctly with IRS requirements. This session will also explain how to identify and correct mistakes using Form 941-X so employers can remain compliant and reduce the risk of payroll tax issues.
Who Should Attend
- Payroll Professionals
- Payroll Managers and Supervisors
- HR Managers and HR Professionals
- Accounting and Finance Professionals
- Controllers and CFOs
- Business Owners responsible for payroll
- Tax Professionals and Consultants
- Anyone responsible for preparing or reviewing Form 941
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