This 90 minute audio conference gives practical guidance on the regulations surrounding the reporting of payments to employees and contractors.
About The Course
The Internal Revenue Code (IRC) gives strict guidelines on the requirements companies must follow or face significant penalties.
In this audio conference we will cover how the information gathered on the W-9 is reflected on the 1099 and how the information on the W-4 is reflected on the W-2. We will cover all the blocks on the 1099 and the W-2, and explain what is reported in those respective blocks.
- How the information on the W-9 impacts the 1099
- How to use the W-9 to identify contractors that are at risk for misclassification
- The two exceptions to the "corporation rule" related to 1099's
- What should be reported in each block on the 1099
- When to file a corrected 1099
- What causes a W-4 to be invalid
- How the information on the W-4 impacts the W-2
- What information is reported in each block on the W-2
- Understanding Box 12 and the payment codes
- Updating the new Affordable Care Act reporting requirements
- When an employee must complete a new W-4 every year
- The penalties for not filing 1099's
- When to file a W-2C
- How to not give tax advice but still help an employee
This audio conference is required viewing for any small business owner, payroll manager and human resource managers.
About Your Speaker
Gary Garner, aka The Payroll Answer Guy, assists businesses of all types and sizes in the areas of payroll processing and compliance, employee benefits, audit assistance, and tax compliance and research.
Gary has presented over 500 public workshops since 2010 in 39 different states covering HR and payroll law. Gary holds an Enrolled Agent designation with the IRS, the highest credential awarded by the Department of Treasury. Enrolled Agents are authorized to represent American taxpayers before the IRS for tax audit and compliance issues.
PHR / SPHR Credits!
This program has been approved for 1.5 recertification credit hours through the HR Certification Institute. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org. The use of this seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCI's criteria to be pre-approved for recertification credit.