CGPT
THE COMPLETE GUIDE TO PAYROLL TAXES AND 1099 ISSUES
Payroll taxes have become an increasing burden for the
average business and IRS penalties for noncompliance have risen dramatically
in recent years. This course presents a comprehensive overview of federal
payroll taxes, Form 1099, and related compliance issues.
Major topics include:
- Payroll tax
requirements for wages, employee benefits and reimbursements, nonqualified
deferred compensation, stock options, and tips
- Fringe benefits
issues, such as health insurance, life insurance, cafeteria plan benefits,
accountable and non- accountable plans, standard mileage rates, and
per diem rates
- Form 941 issues
and problems, such as disability benefits, tip income, and deceased
employees
- Pension issues
and payroll taxes including SIMPLE plans, and §401(k) and pension distributions
- Statutory employees,
independent contractors, and §530 relief
- Penalties -- Who
is a responsible person?
- Special issues
-- Using a common paymaster, how to file W-2s after a takeover, merger,
or acquisition, and state and local tax withholding
- Moving expenses
and gross-up calculations
- The Electronic
Federal Tax Payment System (EFTPS)
- Forms I-9, W-9,
W-2, 1099, SS-8, and the new Form 940, and magnetic media requirements
Designed
for: CPAs in public accounting and industry
with responsibility for payroll tax compliance.
Level
of knowledge: Basic
Field
of study: Taxes
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