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Guide to Payroll Taxes and 1099 Issues (GPT4) (SUGPT402)

 
Date:Thursday, September 12, 2019
Time:1:30 PM - 5:00 PM
(Registration at 1:00 PM)
Facility:Webcast or Webinar, Online
CPE Credit:4.0 Technical Business
Instructor: Deborah Phillips
Vendor:Surgent McCoy
Course Level:Basic
Early Bird Price:$139.00 FICPA Members, $199.00 Non-Members

Description:
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.

Objectives:
  • 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
  • Comply with the quarterly and annual reporting for employment tax deposits and filings
  • Examine employer requirements regarding Form W-4


Major Topics:
  • Statutory employees, independent contractors, and possible changes to §530 relief
  • Using SS-8
  • Payroll Tax Penalties -- Who is a responsible person?
  • Forms W-2, 1099, SS-8, W-4, 941, and Form 940 reporting/deposit requirements and due dates


Who Should Attend:
CPAs in public accounting and industry with responsibility for payroll tax compliance

Prerequisite:
None

Advanced Preparation:
None

Session/Options

If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.