This session addresses the 20 factors the IRS uses to classify workers, with a focus on the server tax penalties for misclassification. We will take a look at the Dynamex court case, which lead to AB5, and how it will impact your organization.
DESIGNED FOR
CFOs and members working in industry
BENEFITS
After attending this presentation you will be able to...
- Apply the federal tax treatment rules of employees and independent contractors
- Gain insight into the new emerging rules of the "gig" worker
- Recall recent legislation, regulations and developments
HIGHLIGHTS
The major topics that will be covered in this class include:
- The IRS's 20 Factors of how to classify a worker
- Tax penalties for misclassification
- Discuss the Dynamex court case and AB5
- New emerging state rules for the "Gig" worker
- Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding
- Recent IRS regulations, rulings and other development
COURSE LEVEL
Intermediate
PREREQUISITES
Basic working knowledge of business taxation
ADVANCE PREPARATION
None