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Payroll Taxes and 1099 Issues: Everything You Need to Know

Type: Video Webcast
Date: January 26, 2015
Time: 10:30 AM - 06:30 PM ET
Recommended CPE Credit: 8
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This course will provide you with practical pointers for managing the payroll tax and reporting function. Learn how to avoid the frequent penalties in payroll tax reporting and stay up to date with the latest information. It also shows how to handle reporting and withholding requirements for employee fringe benefits. Master the often-confusing rules for Form 1099-MISC and other information reports, including when and how much to report. Make sure you or your clients are in compliance and not subject to IRS penalties!

Topics discussed:

  • Update on changes made to payroll tax legislation for the current year, including changes in health care laws
  • Review of various websites, forms, publications and other payroll and benefit tax resources
  • Properly reporting payroll withholding for various types of compensation
  • Understanding the 20 Factor Test for employee classification
  • Section 530 relief for employers with worker classification issues
  • Reporting requirements on a quarterly and annual basis
  • Check before you file - reviewing the on-line systems the Social Security Administration, IRS and Department of Homeland Security offer to verify accuracy of information before it is filed
  • Understanding New Hire Reporting and latest changes in I-9 reporting to verify employee identity and work eligibility
  • Forms W-2 and W-3 issues
  • How to properly classify employee benefit tax liabilities

Learning Objectives:
Upon completion of this course, participants will be able to:

  • Prepare timely and accurate wage and tax reports
  • Make timely and accurate payroll tax deposits and payments
  • Correctly classify employees and independent contractors for payroll tax purposes
  • Address payroll tax issues involving fringe benefits and their valuation
  • Identify and properly withhold for statutory employees and statutory non-employees
  • Comply with information reporting, including the various 1099 forms and Form W-2
  • Properly report required information for new hires and obtain required information on work eligibility and identity
  • Properly report back employee wages and back-up reporting of independent contractors
  • roperly determine taxable vs. tax-free compensation

Who should attend this event?
Industry and public accountant responsible for the payroll tax function or those CPAs advising clients.

Field of Study: Taxes
Level: Intermediate
Prerequisites: Working knowledge of payroll tax issues or payroll type functions

Payroll Taxes and 1099 Issues: Everything You Need to Know
Individual CPE
January 26, 2015 10:30am - 6:30pm ET
Video Webcast ,
Product# VGPT007
Availability: Online Access
Live Webcast
Regular:$345.00
AICPA Member:$249.00
Your Price:$345.00
Payroll Taxes and 1099 Issues: Everything You Need to Know
Individual CPE
February 24, 2015 9:00am - 5:00pm ET
Video Webcast
Product# VGPT008
Availability: Online Access
Live Webcast
Regular:$345.00
AICPA Member:$249.00
Your Price:$345.00
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