Date: March 13 , 2025

Time: 1pmET | 12pm CT | 11am MT | 10am PT

Duration: 60 Minutes

Description:

The IRS has introduced changes to Form 941 for the 2024 tax year, and it’s crucial for employers to understand these updates before filing.

Enhance your expertise in quarterly tax reporting with our comprehensive CPE course, designed specifically for payroll professionals, accountants, and tax practitioners. This course dives deep into the complexities of Form 941, ensuring a thorough understanding of essential reporting requirements.

Covering everything from basic requirements and due dates to electronic filing procedures, this course provides a strong foundation in quarterly tax reporting. Participants will receive step-by-step instruction, learn how to navigate Form 941 line-by-line, understand signing requirements, and identify common mistakes to avoid. Additionally, you’ll gain valuable insights into handling adjustments, credits, and deposit schedules to ensure seamless tax compliance.

Topics Covered:

• Basic Form 941 requirements
• Updates to Form 941 for 2024
• Reporting obligations and due dates
• Schedule B requirements and implications
• Handling adjustments and credits

Learning Objectives

• Review the 2022 updates to Form 941 in detail.
• Identify common errors reported by the IRS.
• Understand the importance of accurately completing Schedule B.
• Explore the Employer Retention Tax Credit and the new Form 7200.
• Clarify which Form 7200 submissions should be processed.
• Discuss the Social Security employer tax deferral and who should sign Form 941.

Credits and Other information:

• Recommended CPE credit – 1.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement: Yes
• Session Duration: 60 minutes

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

This comprehensive session is designed to equip you with the knowledge and tools necessary to manage audits confidently, protect your clients, and ensure they’re in the best position possible throughout the audit process. Don’t miss out on this opportunity to learn from one of the top experts in the field!

About Our Speaker

Dayna Reum  ,  Specialist, Ann & Robert H. Lurie Children’s Hospital of Chicago Dayna currently is the director of payroll operations at a major medical center in Chicago and has been heavily involved in the payroll field for more than 20 years. She started as a payroll clerk at a small Tucson company but moved on to be a payroll team leader at Honeywell Inc.