Distinguish an employee from an independent contractor and understand the relief available to employees who misclassify Understand how to complete Forms W-2, 1099-MISC, 1099-R, and SS-8 Comply with the quarterly and annual reporting for employment tax deposits
Employment taxes are often overlooked as an area where more planning may be effective. Payroll taxes have become an increasing burden for the average business and IRS penalties for noncompliance have risen dramatically in recent years. They have also been subject to employer incentives. The Service has announced that uncovering noncompliance by employers ranks high on its audit list. This course presents a comprehensive overview of federal payroll taxes, Form 1099, and related compliance issues.
Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Basic