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Wednesday, April 1, 2020 Webcast

Employee vs. Independent Contractor: Achieving Success in a Worker Classification Audit (X1-EMIC-2020-01-WEBNR-92-01)

1:00 PM - 3:00 PM EDT
webcast

Webcast

2.0 CPE Credits in TX

OVERVIEW

The IRS believes, perhaps with some justification, that many independent contractors are actually employees and should be treated as such for tax purposes. The result is that worker classification audits are frequent and often costly for business clients, both in terms of time as well as money expended. This program prepares tax practitioners to assist their clients with worker classification audits, and to avoid them if possible, by discussing and explaining the circumstances under which workers will most likely be characterized as employees or as independent contractors. The program also deals with the first line of defense against the IRS in worker classification audits—Section 530, as well as the common law factors distinguishing an employee from an independent contractor. This program also explores the IRS Voluntary Classification Settlement Program, and discusses whether a practitioner should advise a client to request admission into this program.

DESIGNED FOR

Any tax practitioner who wishes to understand how to help their clients avoid having independent contractors reclassified by the IRS as employees and any tax practitioner whose clients currently use independent contractors rather than employees to perform.

BENEFITS

  • Advise clients with respect to the risks associated with their treating workers as independent contractors rather than employees
  • Understand how to employ Section 530 for purposes of defending against an IRS allegation that one or more workers are employees and not independent contractors

HIGHLIGHTS

  • The 20 common law factors in a worker classification audit that are used to distinguish an employee from an independent contractor
  • How disgruntled independent contractors can use IRS Form 8919 against a former employer
  • When and how to use Section 530 as a defense in worker classification audits
  • What is "industry practice" for Section 530 purposes
  • Common sense steps that will avoid characterization of workers treated as independent contractors as employees
  • The IRS’s Voluntary Classification Settlement Program — advantages and disadvantages

COURSE LEVEL

Intermediate

PREREQUISITES

Knowledge of basic individual income tax principles.

ADVANCE PREPARATION

None

INSTRUCTOR

Michael Tucker

Michael J. Tucker, CPA, Ph.D., J.D., LL.M.

Ph.D., JD, CPA

Professional Education Network

Michael J. Tucker is an employee of Surgent McCoy CPE, LLC and a consultant for the accounting firm of T.M. Byxbee Co. in Hamden, CT. He is the author of many professional articles and a veteran TV and live-seminar presenter. In addition, he heads up Surgent McCoy's webinar efforts, where he writes and hosts many of the webinars Surgent McCoy sponsors and presents. Mr. Tucker was a professor at Quinnipiac University in Hamden, CT and worked with KPMG Peat Marwick and Deloitte & Touche. Mr. Tucker received his J.D. from New York University, his LL.M. from Georgetown University Law Center, and his Ph.D. from the University of Houston.

PRICING

$89.00 - Member

$89.00 - Non Member

Pre-Registration Closed

Online pre-registration for this event is now closed.

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COURSE DEVELOPER

Surgent