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Overview

4.0 Credits
ONLINE

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. 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 a comprehensive overview of federal payroll taxes, Form 1099, and related compliance issues.

Objectives

  • Distinguish an employee from an independent contractor and understand the relief available to employers who misclassify employees
  • 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

Major Topics

  • Statutory employees, independent contractors, and possible changes to ยง530 relief
  • Using SS-8
  • Payroll Tax Penalties -- Who is a responsible person?
  • Forms W-2, 1099, 1099-NEC, SS-8, W-4, 941, and Form 940 reporting/deposit requirements and due dates
  • Understanding payroll tax responsibilities in the gig economy

 

Prerequisite

None

Sessions

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Wednesday, November 12, 2025

General Sessions
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