IRS Form 941 and 941-X. Why is it Critical for Employers to complete these forms Correctly to Ensure They Maximize their Employee Retention Credits by the American Rescue Plan Act (ARPA)


July 19, 2021


Margie Faulk

  03:00 PM ET | 02:00 PM CT | 12:00 PM PT | 90 Minutes

* Not able to attend the live session? We can arrange an on-demand session for You. Please call 1-‪814-892-0304

This program has been approved for 1.5 PDCs toward SHRM certification hours.
The program is pre-approved for 1.5 credit hour under HRCI


The American Rescue Plan Act (ARPA) provide tax credits for Employers who provide voluntary Emergency Paid Leave the ARPA extends availability of the tax credits to those employers who qualify and voluntarily provide employees with EPSL and/or EFML through September 30, 2021. Now that Employers can receive tax credits for these benefits, many are looking on how to calculate these tax credits to ensure they receive the amount of tax credits and ensure accuracy.

Completing the IRS 941 form and the 941-X is the necessary process to collect the tax credits. Many Employers are familiar with the form 941 but not all are able to complete it with confidence  with the so many steps. Add the fact that there have been many reported errors, it is an additional concern to complete the 941-X corrections appropriately to ensure compliance and avoid fines, penalties and criminal sanctions.

Employers need to complete the 941 and make corrections by completing form 941-X. Compliance best practice is for Employers to learn how to mitigate the processes that impact their company. From payroll employees to payroll providers, it is critical that Employers utilize all resources to ensure they follow the necessary protocols to complete these IRS forms. This training will provide Employers and professionals insight into how to complete the forms to ensure you maximize the tax credits offered by the ARPA and give the employees the confidence and transparency.

Areas will be covered during the Session:

  • What are the changes from the Family First Coronavirus Response Act (FFCRA)
  • What has the American Rescue Plan Act (ARPA) removed and added for Employers during COVID-19
  • What other tax credits are available under the  ARPA
  • How are the Employee Retention tax credits a benefit for Employers and employees
  • How Can Employers communicate the necessary changes to their employees
  • Why is it important for Employers to understand how to complete the 941 form and if necessary, the 941-X
  • What are the steps to completing form 941 effectively and error free
  • What are the steps to take when completing the 941 form and the 941-X form
  • What mistakes can be corrected by form 941-X
  • How should Employers coordinate with their payroll provider to ensure accuracy and compliance

Who Should Attend:

  • Payroll Professionals
  • CPA/Accountant
  • Accounting Professionals
  • Human Resources Professionals

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