Gain the tools necessary to help your business remain in compliance and avoid payroll tax headaches.
Payroll taxes are one thing that all businesses have in common. Dealing with payroll tax headaches can be overwhelming and frustrating for any business. Failure to properly file and report payroll taxes can result in huge fines and penalties for a business and may result in legal action. This topic will give you guidance on precautions to take to keep from getting into a payroll tax liability. It will provide tips on how to respond to notices and make claims for appeals to resolve tax liabilities. The details of IRC Section 6672, Trust Fund Recovery Penalty, will be explained. The material covered in this presentation will give you the tools necessary to help your business remain in compliance and avoid payroll tax headaches.
Learning Objectives
- You will be able to identify reasons an organization may obtain a payroll tax liability.
- You will be able to identify precautions to avoid payroll tax liability penalties.
- You will be able to recognize IRC Section 6672 and what to do when you receive a notice.
- You will be able to recognize when you need payroll tax help and how to get it.
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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
How an Organization Gets Into a Payroll Tax Liability
- Not Paying Taxes Timely or According to Federal or State Guidelines
- Not Researching Regulations of Where Work Is Being Performed to Withhold Proper Taxes
- Paying Taxes on the Wrong Frequency
- Improperly Classifying Employees as Contractors
- Not Withholding/Over Withholding on Foreign Employees
Precautions to Take
- Research When Going Into a New Location
- Audit Tax Withholdings
- Check Liability Before the New Year for Frequency Issues
- AP Audits Against Employee Records
- I-9 Audits, Watch for Red Flags on Employee Documents
- When You Realize a Mistake Was Made File an Amendment
Types of Consequences
- Fines/Penalties
- Levies
- Trust Fund Recovery Actions
IRC Section 6672-Trust Fund Recovery Penalties
- What Is IRC Section 6672
- What Taxes Does It Apply to
- Types of Appeals/Claims
- Requests for Abatement/Refunds
- What Parties Can Be Held Responsible
What to Do When You Receive a Notice
- Respond to Notice as Soon as Possible
- Write Detailed Letter of Explanation
- Send Documentation to Back Up Claim
- Ask for Waiver of Penalties and Interest
Helpful Websites, Publications, and Ways to Get Help
- IRS.gov, Publication 15
- State Websites and Employer Guides
- Local Government Websites
- Google/Search Engines
- Taxpayer Advocate Service
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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 May 19, 2023.
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).
- CPP/FPC
- Lorman Education Services is an approved provider through PayrollOrg. This seminar is approved for 1.0 RCHs.
PLEASE NOTE: To receive credit through PayrollOrg for this program you MUST attend the program in its entirety, complete all progress checks and pass the final exam. You cannot obtain credit if you have already completed this course in its live version.
HR Certification Institute 1.0
- This E-Learning program has been pre-approved for 1.0 (General) recertification credit hours toward aPHR®, aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM), and SPHRi(TM) recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
SHRM 1.0
- Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
CPE/NASBA - QAS Self Study 1.8 including Taxes 1.8
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
- Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.
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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.
Faculty
Debbie Cash, CPP
G&A Partners
- Manager of TLM Implementation at G&A Partners
- Began working for the organization in 2006 as a Payroll Tax Specialist and Time and Attendance Specialist
- Promoted to Time/Labor Manager in 2021
- 30+ years of experience processing payroll and payroll taxes for various companies and professions
- Worked as a Payroll Specialist at Missouri Southern State University from 1993 to March 2006
- Attended the International Tax Conference in Wisconsin and specialized in international tax for student visas
- Worked for Joplin R-8 School District processing payroll from 1990 to 1993
- Associate degree in accounting from MSSU in 1985 and a Bachelor’s Degree in General Business from MSSU in 2006
- Can be contacted at [email protected] or 417-782-3909, ext. 148
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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.
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