Form 941 for 2023 - Form 941 for 2023: What's Next For 2023?

This webinar covers the IRS Form 941 and its accompanying Form Schedule B for the first quarter of 2023. 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.
WHY SHOULD YOU ATTEND?
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 Form 941 and Schedule B match to the penny…every single time…without fail!
It has always been a requirement that Form 941 be reconciled with Form 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.