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Guide to Payroll Taxes and 1099 Issues: Is Your Client at Risk in the Way They Report Compensation (LIVESTREAM) (LITX05/22)

Event Description

Compensation can be a complex issue both for determining employee/independent contractor status and proper reporting.  And don’t forget the Trust Fund penalty!

Enrolled Agent Approved

Designed For

Anyone who prepares W-2s, 1099s or has clients who pay compensation – really everyone!

Objectives

  • Understanding withholding;
  • Understanding employee vs. independent contractor status;
  • Understanding reporting mechanics;
  • Avoiding penalties.

Major Subjects

  • Overview of withholding taxes;
  • Legal issues;
  • Doing payroll;
  • Reporting compensation;
  • Understanding penalties