RECORDED TRAINING COURSE
An employee typically works on-site at your business or with a designated schedule at another location, works set hours, and is compensated through your payroll system, which deducts contributions for Social Security, Medicare, unemployment, and employee benefits.
It’s important to understand how the IRS and state tax authorities define employee vs. independent contractor status. Otherwise, your company could be at risk of paying unexpected taxes and penalties. It could also face legal liabilities if a regulatory agency rules that a contractor at your business actually qualifies as an employee.
At the conclusion of the webinar, participants will be able to explain the difference between a contractor and an employee, and why it is important to know the difference.
- Discuss the three factors the IRS looks at in determining if someone is a contractor or an employee
- Discuss the 20-point “common law” test for determining contractor vs. employee
- Discuss the reporting implications of employee vs. contractor, such as 1099 vs. W-2, payroll taxes, etc
- Discuss what happens if the IRS re-classifies contractors as employees
- Relief under Section 530 for IRS reclassification
- Other relief, including the “Voluntary Reclassification Program
Why You Should Attend:
This webinar will help businesses understand their options when the IRS tries to reclassify independent contractors as employees. This reclassification can be financially devastating to a business. We will cover: how to tell if someone is a contractor or an employee; what happens if the IRS re-classifies a contractor as an employee, and the possible relief available (called “Section 530” relief). We will also discuss the new Form 1099-NEC for reporting contract-labor pay.
Who Should Attend:
- Business owners
- HR Professionals
- Payroll Professionals
Note: You will get access to the Recording link and E-Transcript; in your account and at your registered email address.
Jason T. Dinesen, LPA, EA is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on tax and accounting services for small businesses and individuals. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars.