IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Payroll Tax Update

$149.00

SKU: 410299

Description

Gain a better understanding of the most pressing payroll tax issues you may face.
Each year, the Internal Revenue Service (IRS) updates many tax threshold amounts and reporting requirements critical to payroll, accounting, and human resource professionals. Limits change, reporting requirements are updated, and new reporting forms are often introduced. This presentation will provide the information you need to be compliant with IRS tax limits, forms, and regulations. Verifying your system thresholds are set up correctly and benefit plans are updated is key to a more compliant 2023 tax year. You will be provided with the tools to confidently move into 2023, leaving 2022 in the rearview mirror.

Date: 2023-02-02 Start Time: 1:00 PM ET End Time: 2:05 PM ET

Learning Objectives

* You will be able to define the 2023 threshold changes for Social Security, health plans, and deferred compensation.

* You will be able to discuss the impact of FUTA credit reductions for the applicable states.

* You will be able to explain the reporting requirements for 1099MISC, 1099NEC, and 1099K.

* You will be able to identify taxable vs. nontaxable fringe benefits.

Forms W-2 and W-4 Updates
• Form W-2 Review
• Form W-2 Electronic Filing Requirements
• Form W-4 Review

Forms 1099
• Form 1099-K Reporting
• Form 1099-Misc and 1099-NEC – What Gets Reported Where

2023 Deduction Threshold Updates
• Section 125 2023 Update Limits
• Deferred Compensation 2023 Update Limits
• Taxable vs. Non-Taxable Fringe Benefits

Federal Unemployment (FUTA) and FICA Updates
• 2023 Social Security Thresholds
• FUTA Credit Reduction Update

AIPB ,CPP/FPC (Pending) ,HR Certification Institute ,CPE ,SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Tricia Richardson, CPP, SPHR, SHRM-SCP-Purposed Payroll Professional

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Payroll Tax Update

$209.00

SKU: 407503

Description

Gain a better understanding of the most pressing payroll tax issues you may face.
Understand state payroll tax requirements and proposal to modify the requirements at the federal level. Become familiar with remediation options and certain federal protections against state taxation. Update regarding recent developments, including Illinois payroll tax withholding requirements and new provisions as a result of COVID19 issues. Identify state payroll exposures and potential local tax benefits from employees working from home.

Date: 2020-07-14 Start Time: 1:00 PM ET End Time: 2:30 PM ET

Learning Objectives

* You will be able to review current state rules.

* You will be able to discuss voluntary compliance programs.

* You will be able to recognize federal protections.

* You will be able to describe local tax sourcing.

Current State Rules

Mobile Workforce State Income Tax Simplification Act

Voluntary Compliance Programs

Federal Protections

Illinois Law Changes

COVID-19 Issues

Local Tax Sourcing

AIPB ,CPP/FPC ,CPE ,HR Certification Institute ,SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

William H. Gorrod-Baker Botts L.L.P., Cosimo A. Zavaglia – Morgan, Lewis & Bockius LLP