Employee or Not: Tax Implications of Worker Classifications
Registration Begins 07:30 AM PT
Session Begins 08:00 AM PT
Session Concludes 1:00 PM PT
This course will provide a concise overview of key payroll and worker classification topics for tax professionals. It will cover the benefits and challenges of offering payroll services, compliance issues with filing returns, and considerations for outsourcing and monitoring payroll processes. Additionally, the session will address stricter IRS and state standards for classifying workers as employees or independent contractors, including key classification factors, reporting requirements, and the consequences of misclassification. Attendees will gain practical insights to expand their services while managing compliance and mitigating risks effectively.
At the conclusion of this course, the attendees will be better equipped to:
- Understand the commitment required when providing payroll services.
- Explore options for efficient payroll processing and compliance with tax filing requirements.
- Identify tax compliance and filing obligations when offering payroll services.
- Learn the distinction between employees and independent contractors.
- Review reporting requirements for employees, including quarterly and annual filings.
- Understand reporting requirements for independent contractors and when backup withholding applies.
- Examine compliance standards for the proper classification and treatment of employees versus independent contractors.
- Special Topics Course Disclaimer
Special Topics Disclaimer
- Special Topics materials and Special Topics presentations are intended to stimulate thought and discussion and to provide attendees useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any tax procedure, tax planning technique, device or suggestion, or any of the tax consequences associated with them.
- Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual’s reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials, and during the seminar presentation, before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any device, technique, or suggestion before recommending the same to a client or implementing the same on behalf of a client, or on the attendee’s own behalf.
- Special Topics materials & presentations are fully protected under copyright law. Any attempt to copy for resale, distribution, or use other than personal use for tax preparation will be fully prosecuted of the law.
