Overview
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Behavioral control
11 mins
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Evaluation system
17 mins
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Opportunity for profit or loss
23 mins
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Voluntary classification settlement program
39 mins
Course Description
In recent years, the issue of worker misclassification has created a minefield for employers. The U.S. and many state departments of labor have stepped up their efforts to crack down on employers that improperly misclassify employees as independent contractors. While there is a presumption under most federal and state laws that workers are employees, countless employers continue to misclassify workers.
The IRS believes that many workers classified as independent contractors are employees and should be treated as such for tax purposes. The result is that worker classification audits are frequent and often costly for business clients, both in terms of time as well as money expended.
In this online tax webinar, speaker Nicholas Preusch will look at the difference between an independent contractor and an employee.
We will look at the common law rules of worker classification: behavioral, financial, and type of relationship. We will also discuss the Form SS-8, which allows the IRS to make the worker classification determination for you.
We will end the webinar by looking at both Section 530 relief and the Voluntary Classification Settlement Program (VCSP), which are used to mitigate the total amount of employment taxes that are due from an IRS worker reclassification.
Here is the link to your interests: IRS Approved Courses I CE Courses for Enrolled Agents
Learning Objectives
- To explain the three criteria for making a worker classification.
- To determine if an SS-8 is needed to make a worker classification.
- To explore when Section 530 relief is available.
- To discuss how to apply for VCSP relief.
Recommended For
- This Online CE course is for CPA (US), EA, AFSP, CRTP, MRTP, ORTP, CFIRS, CWS, and other tax professionals interested in understanding the specifics of workers' classification and their taxation aspects.
Who Should Attend?
- Accountant
- Accounting Firm
- Accounting Managers
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- CPA in Business
- Entrepreneurial CPA
- Maryland Tax Preparers
- Oregon Tax Preparers
- Senior Accountant
- Staff of Accounting Firm
- Tax Accountant (Industry)
- Tax Attorney
- Tax Director (Industry)
- Tax Firm
- Tax Managers
- Tax Practitioners
- Tax Preparer
- Tax Professionals
- Tax Pros
- Young CPA
