Surgent's Complete Guide to Payroll Taxes and 1099 Issues (Self-Study)
Valid for one year from purchase date
Taxes - Technical (8.0)
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Employment taxes are often overlooked as an area where more planning may be effective. Payroll taxes have become an increasing burden for the average business and IRS penalties for noncompliance have risen dramatically in recent years. They have also been subject to employer incentives. The Service has announced that uncovering noncompliance by employers ranks high on its audit list. This course presents a comprehensive overview of federal payroll taxes, Form 1099, and related compliance issues.
Who should take this program?
CPAs in public accounting and industry with responsibility for payroll tax compliance
Payroll tax requirements for wages, including wages subject to the new .9 percent tax, employee benefits and reimbursements, nonqualified deferred compensation, stock options, and tips
Fringe benefits issues, such as health insurance, life insurance, cafeteria plan benefits, accountable and non-accountable plans, standard mileage rates, and per diem rates
Special issues -- Using a common paymaster, how to file W-2s after a takeover, merger, or acquisition, and state and local tax withholding
Statutory employees, independent contractors, and possible changes to Section 530 relief
Penalties -- Who is a responsible person?
Moving expenses and gross-up calculations
Form 941 issues and problems, such as disability benefits, tip income, and deceased employees
Pension issues and payroll taxes including SIMPLE plans, and Section 401(k) and pension distributions
The Electronic Federal Tax Payment System (EFTPS)
Forms I-9, W-9, W-2, 1099, SS-8, and Form 940
Distinguish an employee from an independent contractor and understand the relief available to employees who misclassify
Understand how to complete Forms W-2, 1099-MISC, 1099-R, and SS-8
Comply with the quarterly and annual reporting for employment tax deposits
NASBA ID#: 103212