WL009123: Guide to Payroll Taxes & 1099 Issues
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. As a result, 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 an overview of employee versus independent contractor criteria, the federal payroll taxes form, Form 1099, and related compliance issues.
Event Level: Basic
Required Knowledge: None
Advanced Preparation: None
Who Should Attend: CPAs in public accounting and industry with responsibility for payroll tax compliance
Vendor: Surgent
Speaker: Jeffrey Snyder
- * Distinguish an employee from an independent contractor and understand the relief available to employees who misclassify * Understand the withholding requirements for FICA and federal income taxes for Forms W-2 and 1099, including back-up withholding * Examine employer requirements regarding Form W-4 * Understand the gig economy and the payroll tax responsibilities associated with it
Date Presented:
October 30, 2023 8:30 AM Eastern
Length:
3 hours, 45 minutes
Member Price:
$150.00
Non-Member:
$205.00
Accounting: 4.00