IRS Form 941: Mastering Filing, Reconciliation, and Corrections

Staying compliant with IRS payroll reporting requirements means mastering the details of Form 941 and Schedule B. This 90-minute session, led by payroll expert Vicki Lambert, will walk you step-by-step through the 2025 Form 941 and its Schedule B companion—highlighting the updates, explaining filing requirements, and addressing the reconciliation challenges payroll professionals face every quarter.

You’ll learn how to properly complete each line of the form, balance Schedule B down to the penny, and avoid the costly penalties and notices that result from errors. We’ll also cover how to make corrections with Form 941-X—so you’re prepared if mistakes happen.

Form 941 is the critical link between your payroll system and the IRS. Accurate preparation ensures compliance not only with IRS rules but also with Social Security Administration requirements, especially when reconciling with Form W-2. With recent enforcement trends, precision has never been more important.

What You’ll Learn

• Line-by-line walkthrough of the 2025 Form 941
• How to properly complete Schedule B (liability dates vs. deposit dates)
• Reconciling Form 941 with Schedule B and Form W-2—why exact matching is non-negotiable
• Key due dates and signature requirements
• Correct reporting of third-party sick pay, group-term life insurance, and tips
• Steps to take when deposit errors are uncovered during preparation
• How and when to file Form 941-X for corrections

Why Attend

• Gain confidence in completing the updated 2025 Form 941
• Understand IRS expectations for Schedule B accuracy and reconciliation
• Reduce risks of penalties and notices by learning common error-prevention strategies
• Walk away with clear guidance on how to correct errors when they happen

Who Should Attend

• Payroll executives, managers, administrators, and practitioners
• Human Resources leaders and compliance professionals
• Accounting teams handling payroll tax filings
• Business owners, executives, and operations managers
• Legal professionals involved in payroll compliance