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Payroll and Employment Taxes – Common Pitfalls

  • Accountant
  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • HRCI
  • ORTP
  • SHRM
  • MRTP
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

Sometimes businesses can do business accords the world, but fail to understand various compliances. Some of the major aspects include payroll, payroll taxes, payroll withholding, and exemptions, amid the other COVID challenges. Modern-day compliance is a disciplinary task with heavy consequences. Therefore businesses are required to ensure that they follow all the essentials.

This CPE PDC/RCH webinar focuses on federal tax filing and deposit requirements if a business issues payroll.

Special attention will be paid to corporations taxed under subchapter S of the Internal Revenue Code since a “reasonable wage” requirement exists for many shareholders actively participating in the business. It will outline the differences between contract labor and employees so business clients may be counseled on Worker Classification.

The number one reason why small businesses end up in IRS Collection is due to payroll tax liabilities. Best described as the “easiest loan to take and the hardest to pay back,” payroll taxes represent nearly 75% of all revenues into the United States Treasury, and therefore an issue of utmost importance to the IRS. Hence the IRS has become much more aggressive in its plan to close this collection gap, including increased criminal enforcement for unpaid payroll taxes. The impact of the IRS's increased enforcement activities is to send more taxpayers scrambling for professional help in resolving their IRS problems.

Attendees in this CE/CPE Tax webinar will learn about personal liability through Trust Fund Recovery Penalty (TFRP) assessment for parties that are deemed responsible for payroll deposits. Strategies, IRS process, and timelines for TFRP representation, including the 4180 interviews, will be covered.

Here are links to your interest: PDC/RCH courses

Learning Objectives

  • To analyze Worker’s Classification as an employee/wage-earner or contract laborer/self-employed taxpayer.
  • To identify when a “Reasonable Wage” must be paid to a Shareholder.
  • To discuss the federal tax forms business clients must file when payroll is issued. Advise clients of federal tax deposit schedules and the required mode (EFTPS), based on a client’s payroll tax during a “look-back period”.
  • To analyze the risk of personal liability to “responsible parties” in the case of a Trust Fund Recovery Penalty.
  • To explain to a client the 4180 interviews, including the documentation a Revenue Officer will request and the summons power utilized by the IRS. 
  • To explain the letters 1153 and 2751 regarding the IRS determination of TFRP assessment.

Recommended For

  • This IRS Approved CE webinar will be insightful for CPAs, EAs, AFSPs, ORTP, MRTP, CRTP, CPP, FPC, Tax Professionals, Managers, Business owners, Investors, and other professionals who are helping clients with payroll taxes and related compliances and want to stay updated with Payroll and Employment tax-related changes.

Who Should Attend?

  • Bookkeepers & Accountants & Tax Preparers
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Management Accountant (CMA)
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Human Resources Manager
  • Tax Professionals
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP)
  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-00922-22-O)
  • 2 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00922-22-O)
  • 2 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00922-22-O)
  • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 2 PDC Credit of Business Acumen for SHRM Professionals (Approval No. 22-FEGPQ)
  • 2 RCH Credit of Business for Human Resource Certification Institute (HRCI) (Approval No. 593356)
  • 2 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0858)

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Jessie Seaman

, Community Tax, LLC

Jessie Seaman, Esq & EA, is a licensed Florida attorney and IRS Enrolled Agent. Jessie brings over ten years of state and federal tax controversy and representation to Community Tax clients. Prior to joining Community Tax, she spent over seven years with a leading national tax resolution firm. She has overseen tens of thousands of tax resolution cases from the simplest financial privacy plans to the to the most complex business cases and high-profile celebrity clients.

Jessie is a Florida Native, growing up Boca Raton and moving to Tampa in 2000 for her undergraduate studies. While attending the University of South Florida, Jessie studied abroad in Costa Rica and eventually graduated with a double major: B.A. in Philosophy & B.A. in Political Science. In 2006, she was offered a scholarship from Florida Coastal School of Law in Jacksonville, FL, where she graduated with a Juris Doctorate in 2009. During law school, Jessie interned with the ACLU, worked at Learn to Read, a local non-profit advocating for adult literacy, and was chosen by the Florida Coastal Academic Success Department to mentor incoming students on how to be successful in law school.

Jessie is a member of the Florida Bar, Tax Section, National Association of Enrolled Agents (NAEA), CERCA, and National Tax Practice Institute Fellowship. She is a leading voice within the tax resolution community.  Most recently she was asked to teach continuing education courses for the National Association of Accountancy (NSA) and be a lead Instructor at both national conferences for NAEA. She has also served as an adjunct professor teaching various courses including Business Law, State and Local Taxation, Contemporary Business Ethics, and an exam preparation class for the Enrolled Agents Examination. Jessie truly has a passion for tax controversy work and found her passion in this niche field because it is ever-evolving, applicable to all, and in many cases unfairly enforced. As the daughter of small business owners, she is especially passionate about helping business owners understand and overcome their tax challenges. Jessie even helped form and operate a pro bono tax resolution clinic in North Florida to assist those taxpayers who simply could not afford to hire professional representation for IRS and state tax issues.

About Company

Community Tax, LLC

www.communitytax.com/

In 2010, Community Tax set out on a mission to solve tax problems for individuals and businesses across the United States. After growing into a national tax resolution leader, we set our focus on becoming a true full-service tax organization assisting individual taxpayers and businesses with all their needs, ranging from tax resolution to preparation, bookkeeping, accounting, payroll, and more.

Our company is staffed with some of the most seasoned professionals in their respective areas, including licensed attorneys, CPAs, and Enrolled Agents. We boast an A+ rating from the Better Business Bureau and have prepared tens of thousands of tax returns, resolved nearly a billion dollars in tax delinquencies, and most importantly, have helped countless customers get their financial lives back on track.

Behind our success is an unwavering commitment to our client-focused, results-driven approach to the wide variety of services we offer. We pride ourselves on being open and transparent with each client as we work tirelessly on their case.

Even as times become uncertain, we remain committed to fighting for you, so you will not have to face the IRS alone. Our tax professionals are in your corner and ready to tackle any tax problem you may have.

Faq

FAQs content

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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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Ratings and Review

4.5

37 Ratings

Excellent

20

Very Good

15

Average

2

Poor

0

Terrible

0

DR

Debra Ricco, CPP

Mar 17th, 2022

The webinar was informative and the instructor was good at keeping to topic

MF

Melanie Fisher, RTRP

Jun 28th, 2022

As a payroll provider, it was great!!!

BW

Becky Wilhelm, CPA (US)

Jun 11th, 2022

Instructor was a bit wordy - but she was stressing the importance of the material - could have been a shorter class if she spoke more concise.

TT

Terri Tindall, Accountant

May 24th, 2022

This was a good webinar, with a lot of information.

SP

Sameer Paddalwar, CPA (US)

Apr 28th, 2022

Valuable session

Payroll and Employment Taxes – Common Pitfalls

PREMIUM

2 Credits

Subject Area

Taxes

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