Employee vs. Independent Contractor with Volunteer Classification Settlement Program ON DEMAND

Overview

One of the more perplexing and problematic concepts to comprehend under federal tax law is the Employee v. Independent Contractor debate. It is critical for businesses to occasionally review the category of its workers to see if they are properly classified. Misclassified workers remain a priority with the Internal Revenue Service (IRS). The IRS is aware that large groups of businesses avoid payroll tax responsibilities by classifying workers as independent contractors rather than employees. Furthermore, we will discuss the Volunteer Classification Settlement Program (VCSP). The VCSP is a little-known program that may be the right choice to get your client into compliance with treating their workers as employees. Learn about the process, how to qualify for the program, and discover the significant tax savings that will benefit your client. Bonus Material: Discussion new guidance issued by the Department of Labor.

Highlights

The Volunteer Classification Settlement Program .

Prerequisites

None.

Designed For

CPAs.

Objectives

Distinguish between an independent contractor and an employee. Explain the three categories of Control Factors. Calculate penalties for misclassifying workers. Apply rules to taxpayers in various occupations. Analyze Section 530 Relief under the Revenue Act of 1978. Interpret the Volunteer Classification Settlement Program (VCSP). Review court cases. Overview of other related issues.

Preparation

None.

Notice

None.