Skip to main content

Surgent's The Complete Guide to Payroll Taxes and 1099 Issues

-

Add to Calendar

Surgent Webinars

Online, OK 00000

Get Directions

8.00 Credits

Member Price $279

Non-Member Price $299

Registration for the event "Surgent's The Complete Guide to Payroll Taxes and 1099 Issues" is currently unavailable.

Overview

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.

Highlights

  • Payroll tax requirements for wages, including wages subject to the .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 §530 relief
  • Penalties -- Who is a responsible person?
  • Expenses and gross-up calculations
  • Pension issues and payroll taxes including SIMPLE plans, and §401(k) and pension distributions
  • The Electronic Federal Tax Payment System (EFTPS)
  • Forms I-9, W-9, W-2, 1099, 1099-NEC, SS-8, and 940
  • Understanding payroll tax responsibilities in the gig economy

Prerequisites

None

Designed For

CPAs in public accounting and industry with responsibility for payroll tax compliance

Objectives

  • Distinguish an employee from an independent contractor and understand the relief available to employers who misclassify employees
  • Understand what is needed to complete Forms W-2, 1099-MISC, 1099-R, and SS-8
  • Understand the gig economy and the payroll tax responsibilities associated with it

Preparation

None

Leader(s):

Leader Bios

Deborah Phillips, Discussion Leader, Surgent McCoy CPE, LLC

Deborah A. Phillips, MST, CPA, is a Senior Manager in the Flow Through Issue Practice Group (IPG) in Pre-filing Technical Guidance (PFTG) in the Large Business and International Division (LB&I) of the Internal Revenue Service (IRS). This IPG specializes in S corporation and partnership tax issues in LB&I.

Ms. Phillips began her career with the IRS more than 31 years ago and has extensive accounting and taxation knowledge of individual, corporate, and partnership federal tax returns. She was the Operations Executive Assistant to the Deputy Commission International, the Technical Executive Assistant to the Director of PFTG, a Territory Manager in the Retail, Food and Pharmaceuticals Industry, a Team Manager in the Heavy Manufacturing Industry and the IRC Section 263A Technical Advisor. She taught graduate and undergraduate courses in accounting and taxation as an adjunct faculty member at Delaware State University, Wilmington College, and Goldey-Beacom College. She has been a seminar presenter for over 17 years as well as a respected instructor within the IRS.

Ms. Phillips earned her master’s degree in taxation from Widener University.

Return to Top

Non-Member Price $299

Member Price $279

Registration for this event is closed.