Market Areas > Corporate Finance > 941

941 Tax Debt: How to Balance Liabilities, Make Amendments, and Handle IRS Notices

Course Description:

Did you know the IRS can take action against anyone they feel is responsible for the failure to pay 941 tax debt?  In fact, if the taxes aren’t paid, the IRS can assess civil penalties and charge the debt personally to the individual responsible for paying the taxes.   And the IRS is serious about collecting this debt!

A 941 tax debt can cause serious problems for any payroll department!  If you’re not balancing your 941 with internal data, your data could have errors. And if you’re not reviewing your IRS transcripts on a regular basis, the IRS could believe that there’s a payroll tax liability – even if you’re fully paid up!

Don’t let poor administration put you and your organization at risk. Join CCM and Cokala in this practical audio program to learn how to ensure your funds are allocated correctly.  In just 75 minutes, you’ll find out how to balance your liabilities, make amendments and handle those pesky IRS notices.    

Course Agenda:

• Form 941: What’s new for 2007 and 2008?
• Line-by-line review of Form 941
• Tricks in finalizing Schedule B
• Liability dates v. deposit dates
• How to avoid negative liabilities when making wage adjustments
• Who signs the 941?
• EFTPS deposits and the use of state codes on Form 941
• Process for finalizing liabilities to file Form 941: balancing deposits with liabilities
• Importance of IRS 941 transcripts
• How to spot and fix problems in the IRS transcript
• Managing Forms 941 liabilities in multiple divisions or business units

FEATURED FACULTY:

Jerri Langer, J.D., L.L.M.COKALA Tax Information Reporting Solutions, LLC

Jerri Langer is a nationally recognized information reporting and withholding consultant who provides a wide range of tax advisory services to many Fortune 500 companies around the world.    She received her JD and LLM in Taxation from the University of Florida - College of Law (1982) and is a member of the Florida and Michigan bars.  She is a past member of the IRS Commissioner’s Information Reporting Program Advisory Committee (IRPAC) and served IRPAC as its Subcommittee Chair on Legislation and Regulatory Matters. Jerri was the founding Government Relations Chair for the National Association of Tax Reporting and Payroll Management (NATRPM) and currently serves on the NATRPM Board. 

MONEY-BACK GUARANTEE:

We're so confident you'll get what you want out of this conference that we'll refund every penny if you're not completely satisfied. No questions asked! It's 100% risk-free!

Pricing:

Your CD recording includes the complete audio conference presentation, audience Q&A and presentation materials.

APPROVED FOR RECERTIFICATION CREDIT:

	APA Approved Provider: Receive 1.5 RCH by attending!
	HRCI - Receive 1.5 recertification credit hours toward PHR and SPHR recertification through the Human Resource Certification Institute (HRCI). For more information about certification or recertification, please visit the HRCI homepage at www.hrci.org.