Form 941X and Correcting for COVID credit updates

Duration 60 Mins
Level Basic & Intermediate
Webinar ID IQW21I0907

  • By Form 941X Basics
  • Deadlines for Filing Form 941x
  • Form 941X Line by Line Review
  • COVID-19 updates and how to fix for the new credits

Overview of the webinar

The new Form 941 released for Q2 2020 to include all the COVID-19 credits was a huge challenge to employers, but deadlines with the IRS remained the same.  Some employers found out after they filed to make the deadline that they did it wrong.  Now employers are asking how I fix my mistakes.  To expand on this complexity due to the American Rescue plan Act of 2021 that was signed into law more employers are finding themselves needing to complete 941X for 2020 retro’s

 

Who should attend?

  • Payroll Professionals
  • Tax Professionals
  • Accountants
  • Controllers

Why should you attend?

  • Line by line detail of the new Form 941X
  • What are the legal deadlines for completing the 941X
  • Review of the COVID-19 Credits and how to fix them with the 941X
  • How to know properly claim underreported taxes or over reported taxes.
  • Does the 941X always accompany a W-2C and how to know the difference
  •  Retro 941X and what needs to be completed because of the ARP Act

 

Faculty - Ms.Dayna J. Reum

Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago.Dayna has been heavily involved in the payroll field over 17 years.Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc.During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association.She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference.Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll.Dayna has her CPP (Certified Payroll Professional) through the APA.She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee).Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA.Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

Credits

HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org

ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.

09-10-2021 - Form 941X and Correcting for COVID credit updates.pdf

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