Independent Contractors (ICs) must follow different Internal Revenue Service (IRS) statutes than employees. Understanding these differences is essential to ensuring tax compliance. Certified Public Accountants (CPAs) and licensed tax preparers should understand all applicable IRS regulations in order to best serve clients who employ ICs. Download this white paper for tax compliance issues that are the most commonly faced by companies employing independent contractors.
Learning Objectives
- Determine an independent contractor vs. employee.
- Review independent contractors and tax liabilities.
- Learn how to issue 1099-MISC statements.
Agenda
How to Determine an Independent Contractor vs Employee Independent Contractors and Tax Liabilities How to Issue 1099-MISC Statements
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