Webcast: Payroll Taxes and 1099 Issues: Everything You Need to Know (WBGPT115)
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When: 07/24/2015
8:00 AM until 4:00 PM
Where: Webcast
United States
Presenter: Beth Stenberg

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Registration Fees
Members $249
Non-Members $345

CPE: 8 hours
Level: Intermediate
Vendor: AICPA
Category: Taxation
Prerequisites: Working knowledge of payroll tax issues or payroll type functions
Advanced prep: None

Who should attend: CPAs in industry and public accounting responsible for or advising clients on payroll tax issues

This course provides 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!

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
 • Properly determine taxable vs. tax free compensation

Major Topics
• Update on new 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