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Independent Contractor Reporting Updates: The Battle Between W-2 and 1099
Date: Tuesday, September 26, 2017
Sponsored by Lorman Education Services
Increase your understanding of the current Form 1099 regulations and be prepared for revised 2017 IRS filing deadlines.
Today's employers must be aware of the complex compliance issues relating to the proper classification of employees versus independent contractors. The IRS plans to flag employers for audit should they issue both a 1099 and W-2 to the same identification number.
Beware: the IRS has also begun a coordinated effort of enforcement and sharing of information with the DOL (Department of Labor) and the States. Recognize the unique differences between your employees and independent contractors.
This Live Webinar Covers These Hot Issues:
Defining Employees vs. Independent Contractors
IRS Right-To-Control Test: Rev. Rul. 87-41 - 20 Common Law Attributes
Department of Labor Economic Reality Test
Modernized Twenty Factor Test: Three Categories of Evidence as They Appear on Form SS-8 (Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding)
Costly Consequences of Misclassifications of Employees
Safe Harbor Rules and Remedies - Section 530 and Form 8919
Notable Court Decisions
IRS Voluntary Worker Classification Settlement Program (VSCP)
2017 Legislative Updates
Credit Information (Sponsored by Lorman Education Services):
For Detailed Credit Information page click here
Marcia L. Miller, M.B.A, E.A., Financial Horizons, Inc.
(Not available outside the US)