Description
Take the mystery out of payroll filing and reporting as well as the items you need to keep things tracked, organized, and timely.This topic will provide you with an understanding of how to properly classify service providers, the federal (and some state) tax distinction between independent contractors and employees, appropriate tax information reporting and payments, and the punitive consequences for noncompliance with the applicable law.
Date: 2021-11-22 Start Time: End Time:
Learning Objectives
Who Is an Employer?
• Common Law Employer
• Statutory Employer
• Tri-Net Case
Section 530 Relief From IRS Examination
• Requirements
• Application and Limitations
Challenging Worker Classification With IRS Form SS-8
What Are Wages?
Requirements for Wage Withholding
Requirements for Depositing Withheld Wages With the Government
Reporting on Payments to Independent Contractors With IRS Form 1099-NEC
Reporting on Wage Payments and Withholdings With IRS Forms 941 and W-2
Compliance Issues and Consequences
• IRS Voluntary Disclosure Practice
• IRC Section 3509
• Trust Fund Recovery Penalty
• IRC Section 6672
• Other Potential Civil and Criminal Penalties
AIPB ,CPP/FPC ,HR Certification Institute ,SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Edward James Leyden, Esq.-Leyden Law LLC
