This training program will concentrate on the requirements to classify a worker as an independent contractor or as an employee under the IRS rules. The course will further illustrate how the FLSA rules differ from the IRS rules and why you must follow both.
This webinar will present attendees with a clear understanding of IRS rules and FLSA rules pertaining to employee classification. The course will also highlight how a 1099 audit can be triggered, how the state trumps both the IRS and the FLSA in determining independent contractor status, and the penalties for misclassifying an employee.
Why Should You Attend:
Misclassifying employees and independent contractors is getting more costly by the day. With federal and state agencies joining forces to combat misclassification, fines and penalties have skyrocketed. And every day the misclassification continues the penalties mount up and up until this ticking time bomb finally explodes.This webinar will present attendees with a clear understanding of IRS rules and FLSA rules pertaining to employee classification. The course will also highlight how a 1099 audit can be triggered, how the state trumps both the IRS and the FLSA in determining independent contractor status, and the penalties for misclassifying an employee.
Areas Covered in the Webinar:
- What classifications of workers are permitted under the IRS rules
- What is the common law rule and how is it used to determine worker status
- What are the three factors the IRS uses to determine worker status and how to apply them correctly
- How the FLSA rules differ from the IRS rules and why you have to follow both
- How does the state trump both the IRS and the FLSA in determining independent contractor status with the ABC test for SUI
- What are the latest agreements or programs being used by the IRS, DOL and the states to identify misclassified employees
- Using the Form SS-8 to your advantage to determine worker status
- Who gets a W-2 and who gets a 1099 and why it should never be the same worker
- Find out how easily a 1099 audit can be triggered and why the chances of getting one are on the rise
- What are the penalties for misclassifying an employee as an independent contractor and who assesses them - it’s not just the IRS you have to worry about
- You found out you have a misclassified employee - now what?
Who Will Benefit:
- Payroll Professionals
- Human Resources Personnel
- Accounting Personnel
- Business Owners
- Lawmakers
- Attorneys
- Any individual or entity that must deal with the complexities and technicalities within the payroll process
Course Provider
Vicki M. Lambert,
