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Best Practices for Payroll Taxes and 1099 Issues

  • 10/15/2018
  • 9:30 AM - 5:30 PM
  • WEBINAR AICPA

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This webcast provides you with practical pointers for managing the payroll tax and reporting function. Learn how to avoid the frequent penalties in payroll tax reporting and stay up-to-date with the latest information. The webcast shows how to handle reporting and withholding requirements for employee fringe benefits. We will explore the often-confusing rules for Form 1099-MISC, and you will even examine when and how much to report. Make sure you or your clients are in compliance and not subject to IRS penalties!    

Topics discussed 
• Update on new changes made to payroll tax legislation for the current year including changes in health care laws  • Review of various websites, forms, publications and other payroll and benefit tax resources  • Properly reporting payroll withholding for various types of compensation  • Understanding the 20 Factor Test for employee classification  • Section 530 relief for employers with worker classification issues  • Reporting requirements on a quarterly and annual basis  • Understanding New Hire Reporting and latest changes in I-9 Reporting to verify employee identity and work eligibility  • Forms W-2 and W-3 Issues  • How to properly classify employee benefit tax liabilities

When you complete this webcast, you will be able to: 
• Recognize how to prepare timely and accurate wage and tax reports.  • Identify how to make timely and accurate payroll tax deposits and payments.  • Classify employees and independent contractors for payroll tax purposes.  • Identify how to address payroll tax issues involving fringe benefits and their valuation.  • Identify and properly withhold for statutory employees and statutory non-employees.  • Recognize how to comply with information reporting including the various 1099 Forms and Form W-2.  • Identify how to properly report required information for new hires and obtain required information on work eligibility and identity.  • Recognize how to properly report back employee wages and back-up reporting of independent contractors.  • Determine taxable vs. tax-free compensation.

Designed For:

Level: Intermediate

Instructor: Beth Stenberg

Developer: AICPA

CPE Credits: 8

Area of Study: Taxes  8

Prerequisite: Working knowledge of payroll tax issues or payroll type functions



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