The Battle Between W-2 & 1099 (Completed)

Date: Wednesday, November 14, 2018
Instructor: Marcia Miller
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Be aware of the complex compliance issues relating to the proper classification of employees versus independent contractors. The IRS plans to flag employers for audit should they issue both a 1099 and W-2 to the same identification number.

BEWARE! The IRS has also begun a coordinated effort of enforcement and sharing of
information with the DOL (Department of Labor) and the States. Join this informative webcast so that you will be prepared to recognize the unique differences between your employees and independent contractors.

Who Should Attend
Attorneys, CFOs, CPAs, Enrolled Agents, Accounts Payable and Human Resources Department Heads.

Topics Covered

  • Defining Employees versus Independent Contractors
  • Costly Consequences of Mis-classifications of Employees
  • IRS "Right-to-Control" Test: Rev. Rul. 87-41: 20 Common Law Attributes
  • Modernized Twenty Factor Test: Three Categories of Evidence as they appear on Form SS-8 (Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding);
  • Department of Labor "Economic Reality" Test
  • Modernized Twenty Factor Test: Three Categories of Evidence as they appear on Form SS-8 (Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding)
  • Safe Harbor Rules & Remedies - Section 530 & Form 8919 and Notable Court Decisions
  • 2018 Legislative Updates

Learning Objectives

  • Recognize the Internal Revenue Service's plan to minimize the "tax gap"
  • Identify the new regulations regarding 1099 Compliance to avoid costly penalties
  • Differentiate when to classify workers who perform the same jobs as employees by identifying proper scenarios of worker classification between a company and a worker
  • Recognize factors which indicate behavioral & financial control of a worker as well as the relationship of the parties
  • Describe when a person should be classified as an independent contractor or an employee due to the 20-Factor Test for Independent Contractors
  • Recognize why the government prefers/encourages classifying workers as Employees vs. Independent Contractor
  • Identify how to best utilize Form SS-8 Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A basic understanding of W-2's and Form 1099.

Advance Preparation
None

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