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.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Who Is an Employer?
- Common Law Employer
- Statutory Employer
- TriNet 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
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on November 22, 2021.
Call 1-866-352-9540 for further credit information.
- AIPB 1.0
- This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Edward James Leyden, Esq.
Leyden Law LLC
- Owner of Leyden Law LLC in Bowie, Maryland
- Counsels companies on taxation and employment issues
- Has advised a diverse group of clients, including technology companies, health care enterprises, National Football League players, the online gaming community, and the commissioner of Major League Baseball
- Current chair of the American Bar Association Section of Taxation, Committee on Employment Taxes, and has been elected as a fellow of the American Bar Foundation
- Law degrees, University of Baltimore, and the Georgetown University Law Center; undergraduate degree in commerce and engineering, Drexel University
- Can be contacted at [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
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- White Papers and Articles
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- State Specific Credit Tracker
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