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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Preparer

Date & Time
  • event Date

    Wednesday, February 28, 2024

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$197.00
CPE
ALL

This webinar will cover recent guidelines, cases, and considerations for classifying workers as employees or independent contractors. Our experienced tax controversy expert will explain how the government identifies misclassifications, how to avoid misclassification, and the costs of improperly reporting workers for tax advisers and businesses.

Faculty

Marcus E. Dyer
Principal, Team Leader of Tax Controversy
Withum Smith + Brown, PC

Mr. Dyer manages and reviews all aspects of federal and state tax compliance for C-corporation, S corporation and partnership returns, including consolidated C-corporation returns. He advises businesses on a wide array of tax matters including but not limited to reorganizations and employee benefits. He manages and reviews all aspects of the preparation of high net worth individual returns and conducts tax research on federal and state tax issues. He also handles tax controversies, including at the examination, appeals and collections stages.

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Description

The issue of worker misclassification, treating employees as independent contractors, has become a hot topic in recent years, drawing attention to the adverse repercussions companies may face when failing to classify their workforce accurately. Whether unintentional or deliberate, misclassification can lead to severe consequences, including back taxes and penalties.

Beyond tax consequences, misclassifying workers exposes companies to legal action. High-profile lawsuits against industry giants such as Uber, FedEx, and Citigroup highlight the gravity of this issue. In 2020, FedEx Ground Package Systems settled a lawsuit for $2.4 million, addressing allegations of misclassifying drivers as independent contractors. As a result, the spotlight on misclassification has grown, prompting increased scrutiny from states, government officials, and individual businesses.

Listen as our knowledgeable panelist discusses the ins and outs of worker classification and steps companies can take to avoid the harsh consequences of misclassifying employees.

Outline

  1. The problem with misclassifying workers
  2. The cost of compliance with employment tax laws
  3. How the government currently distinguishes employees from independent contractors
  4. The consequences of misclassifying employees
  5. How the government detects worker classification violations
  6. How to avoid or lessen the impact of worker misclassification violations

Benefits

The panel will review these and other critical issues:

  • Recent cases resulting from worker misclassification
  • Current guidelines for workers improperly taxed as independent contractors
  • Methods the government uses to detect worker classification errors
  • Steps employers can take to ensure workers are properly classified and paid
  • Actions that can be taken to mitigate the consequences of a determination of worker misclassification

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify penalties that could be assessed for worker classification violations
  • Determine how the government detects worker misclassifications
  • Decide steps a business can take to avoid worker misclassifications
  • Ascertain key differences between workers classified as employees and those classified as contractors

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of individual income taxation, including itemized deductions, individual income tax credits, net operating loss limitations including carrybacks and carryforwards.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).