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Independent Contractor Reporting Updates: The Battle Between W-2 and 1099

Date: Tuesday, September 26, 2017
Time: 1:00 - 2:40 pm EST

Sponsored by Lorman Education Services


Registration - Live Webinar Only: $219.00

Registration - Live Webinar Plus CD Recording: $288.00

 

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.

Learning Objectives:

  • You will be able to define employees versus independent contractors.
  • You will be able to identify Internal Revenue Service's plan to minimize the tax gap.
  • You will be able to review the new regulations regarding 1099 compliance to avoid costly penalties.
  • You will be able to discuss 2017 legislative updates.

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):

  • CPE
  • AIPB
  • NASBA
  • Enrolled Agents

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Instructor Profile:

Marcia L. Miller, M.B.A, E.A., Financial Horizons, Inc.

  • President and owner of Financial Horizons, Inc., a full service accounting and tax firm
  • Enrolled agent entitled to practice before the Internal Revenue Service
  • 40 years of accounting, tax and management consulting in South Florida for a practice with an emphasis on representing small business owners in all aspects of taxes, employment and labor issues, pensions, estate planning as well as federal, state (nationwide) and foreign mandatory reporting
  • Member - Internal Revenue Service's Information Reporting Program Advisory Committee
  • (IRPAC) - Appointment continues for a three year term through December 2017
  • Author, speaker and teleconference expert for various national companies and accounting organizations at their annual conferences, lecturing on a multitude of tax, technical and nontechnical topics focusing on the areas of tax planning, management and health care reform
  • Managing director, Transition Advisors, LLC, leading CPAs through transition with succession and M & A strategies
  • Live presenter at the 2016 CCH Annual User's Conference and FICPA Chapter meetings regarding Succession Planning for CPAs
  • Previous nationwide presenter of tax legislative seminars for Thomson Reuters' Bell Learning
  • Series on current business taxation and accounting issues
  • Former adjunct professor at Nova Southeastern University's H. Wayne Huizenga School of Business and Entrepreneurship
  • M.B.A. and B.B.A. degrees, University of Miami School of Business

(Not available outside the US)