This course explores the tests used to determine whether a worker is properly characterized as an employee or an independent contractor for tax purposes, with a focus on the cost of getting it wrong and possible Section 530 relief. The game changing impact of the Dynamex case and AB5 will also be discussed.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.
DESIGNED FOR
CPAs and members in industry seeking a broader understanding of worker classification rules and tax consequences
BENEFITS
- Apply the tests used to determine whether a worker is properly characterized for tax purposes
- Identify cost associated with misclassification
- Identify planning ideas and potential pitfalls
HIGHLIGHTS
- Four ways to classify a worker
- IRS 20 Factors
- 20% Section 199A deduction
- Cost of misclassifying an employee
- Section 530 relief
- Game changing impact of the Dynamex case and AB5
PREREQUISITES
Basic working knowledge of business taxation
ADVANCE PREPARATION
None