Video

  • 23 minutes

Compliance Issues - IRS Form 941

 

Correcting errors on prior returns and obtaining refunds.

Before 2009, when errors occurred on Form 941, or other forms, and needed to be corrected, you used to file Form 941c - Supporting Statement to Correct Information. It must have been filed along with Form 941 for the quarter during which error was discovered (when making adjustments), or Form 843 (Claim for Refund and Request for Abatement). According to the IRS, Form 941c was complex and did not correspond directly to any employment tax return and when processed, the IRS would adjust the tax for the current tax period but adjust the wages for the calendar year being corrected. The result ended up being that it was difficult for the IRS and employers to track account activity.

Runtime: 22 minutes

Agenda

Faculty

Kurt L.P. Lawson, Esq.

Kurt L.P. Lawson, Esq.

Hogan Lovells US LLP

  • Partner with the law firm of Hogan Lovells US LLP in Washington, D.C.
  • Primarily represents employers on all aspects of employment taxes and pension, health, fringe, and other benefits
  • Listed in The Best Lawyers in America and Super Lawyers in Washington, D.C. since 2007
  • Ranked in Chambers USA since 2010
  • Member of the American College of Employee Benefits Counsel and the American College of Tax Counsel
  • Writer and speaker on tax and employee benefits matters and previous adjunct professor at the Georgetown Law Center
  • ABA Tax Section vice-chair and former chair of the Employee Benefits Committee
  • Graduate, Yale and the University of Virginia School of Law
  • Can be contacted at [email protected]
Edward James Leyden, Esq.

Edward James Leyden, Esq.

Leyden Law LLC

  • Owner of Leyden Law LLC in Bowie, Maryland
  • Counsels companies on taxation and employment issues
  • Has advised a diverse group of clients, including technology companies, health care enterprises, National Football League players, the online gaming community, and the commissioner of Major League Baseball
  • Current chair of the American Bar Association Section of Taxation, Committee on Employment Taxes, and has been elected as a fellow of the American Bar Foundation
  • Law degrees, University of Baltimore, and the Georgetown University Law Center; undergraduate degree in commerce and engineering, Drexel University
  • Can be contacted at [email protected]

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