One of the more perplexing and problematic concepts to comprehend under federal tax law is the Employee v. Independent Contractor debate. It is critical for businesses to occasionally review the category of its workers to see if they are properly classified.
Misclassified workers remain a priority with the Internal Revenue Service (IRS). The IRS is aware that large groups of businesses avoid payroll tax responsibilities by classifying workers as independent contractors rather than employees.
Furthermore, we will discuss the Volunteer Classification Settlement Program (VCSP). The VCSP is a little known program that may be the right choice to get your client into compliance with treating their workers as employees. Learn about the process, how to qualify for the program, and discover the significant tax savings that will benefit your client.
2 IRS CE/2 NASBA CPE CREDITS
When?
Tuesday, April 23, 2024 · 1:00 p.m.
Eastern Time (US & Canada)
Duration: 2 hours 15 minutes
Price
$79.00
Language
English
Who can attend
Everyone
Dial-in available? (listen only)
Not available.
Agenda
Distinguish between an independent contractor and an employee
Explain the three categories of Control Factors
Calculate penalties for misclassifying workers.
Apply rules to taxpayers in various occupations
Analyze Section 530 Relief under the Revenue Act of 1978
Interpret the Volunteer Classification Settlement Program (VCSP)
Review what’s new in court cases and
Overview of other related issues
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A.J. is an enrolled agent (EA) with over thirty years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. specializes in IRS Audits, Appeals, Collections,...