Employment Tax Update


Overview
This course will cover the resulting impact in depth by providing expert insight into recent court cases and IRS rulings that affect employment taxes and fringe benefits.  It provides vital information for tax practitioners who are involved in employment tax planning and preparation.
 
Objectives
Upon successful completion of this course, participants will be able to:

  • Describe key changes, factors, and thresholds affecting the filing of 2015/2016 Employment tax returns and the Form 1099 series of information documents
  • Discuss recent court cases concerning employment tax
  • Determine the employment status of various types of workers
Emphasis
  • Myths of W-2 and 1099 reporting
  • Changes to tax thresholds for social security and retirement plan contributions
  • Foreign Earned Income Exclusion - Changes and explanation
  • Disputing 1099 penalties and IRS employee determinations
  • Self Employment Taxes - Contesting the assertion in 2015 - Groetzinger Case
  • IRS voluntary classification settlement program
  • Problems with third party payroll agents
  • Accounting firm liability for client’s payroll taxes
  • Severance pay – Supreme Court case
  • IRS following up on employee determinations
  • 2014 and 2015 Employment tax Cases
  • IRS Taxpayer Bill of Rights - Impact on employment taxes for 2016
  • Solving your own employment tax problems by mastering the Internal Revenue Manual in 2016
  • Court Cases and Rulings
 Prerequisite
Experience with individual and business clients.
 
Preparation
No advance preparation required
 
Level of Knowledge
Update
 
CPE Credit
1 Hour
 
Delivery Method  
Group Internet Based
 
NASBA Field of Study
Taxes

Author
Stuart Sobel