Program Overview
The IRS Form 941 – Simplicities, Complexities, Specialties, and Instructions For This Quarterly Form - As Well As New Changes Due To The OBBB
The 941 is a common form known to any employer. However, it is anything but simple. Because it records all subject payments to employees, and provides credits for things such as tips, employers and 3rd party payroll processors have to keep track of updates every year. The Earned Retention Credit has now ended, and the 2026 941 has significant changes, including adjustments from the One Big Beautiful Bill. So join Mark Schwartz in this detailed look at the 941. Review your payroll system to ensure compliance, completeness, and inclusivity of all information.
Learning Objectives:-
- Origin and Purpose
- Meant to be a reconciliation form for quarterly wages and deposits
- Payments and taxes to be recorded
- Special rules and exceptions
- Deposits and Schedules
- Frequency of Deposits
- Social Security and Medicare tax requirements
- Subject and exempt
- FICA/FIT requirements
- Subject and exempt
- March 202626 Revision changes
- New requirements
- Reminders
- Special Circumstances
- 941 Section by Section
- Common Errors.
Why Should You Attend:-
The bigger the business you are, the more complex your compensation structure, and whether or not you use a third party, you should know about the details of this form. Its difficulty makes it easy to make mistakes. Mistakes are easily caught by the IRS.
So ask yourself the following questions:
- Does my payroll system adequately record all taxable compensation to all workers – especially executives, traveling workers’ expenses, fringe benefits, etc?
- Are deposits accurate and on time?
- Do you take advantage of credits available to you for the “Emergency of the Year” that applies to you?
- How frequently are 941s required for your business?
- Would it be beneficial to use a 3rd party in order to avoid “red flags” that can mean audits or reviews?
Who Should Attend:-
- Payroll and HR Processors and managers.
- Accountants
- Financial Reporters
- Third-party payroll processors.
About the Speaker
Mark Schwartz in an employment tax specialist with over 25 years of payroll tax experience. He has been an employment tax auditor with the state of California. During that time he managed an audit caseload of over 25 businesses – ranging from home-based businesses to large multinational c...
Mark Schwartz in an employment tax specialist with over 25 years of payroll tax experience. He has been an employment tax auditor with the state of California. During that time he managed an audit caseload of over 25 businesses – ranging from home-based businesses to large multinational corporations. He understands the full range of employment tax law for both federal and state purposes. For the last 15 years, Mark has helped hundreds of clients sort out confusing details in order to effectively run payroll operations. Mark prides himself on listening attentively to his clients, and not ceasing his consulting duties until the client is fully satisfied with the answers and advice. Mark’s audio conferences are jam-packed with all details applicable to any given topic. He incorporates his experience with the laws and regulations – this gives audiences a leg up on applying the knowledge to their business. Furthermore, Mark is generous with this time for anyone who attends a live conference. He will help research anything on the given topic – free of charge.