Essential Rules For 1099 Reporting To Independent Contractors
From: $119.00
Duration: 120 Minutes
Description:
The gig economy is rapidly expanding, with a significant rise in gig workers, independent contractors (ICs), self-employed individuals, and remote workers across various industries. These professionals operate independently, typically under contract, and are not classified as employees of the companies they work with.
As trusted advisors, it’s essential for us to navigate the relevant IRS regulations effectively. Understanding the legal framework and compliance issues empowers us to guide clients in distinguishing between independent contractors and employees, helping them avoid costly penalties.
Topics Covered:
IRS & DOL Tests for Determining Worker Status
Safe Harbor Rules & Relief Provisions for Employers and Workers
The ongoing conflict over the classification of employees versus independent contractors highlights the importance of accurate worker classification—don’t wait until year-end to get it right!
Learning Objectives
Define the distinctions between employees and independent contractors
Assess the benefits and risks associated with independent contractor relationships
Review annual planning considerations for worker classification
Credits and Other information:
Recommended CPE credit – 2.0
Recommended field of study – Taxes
Session Prerequisites and preparation: None
Session learning level: Basic
Location: Virtual/Online
Delivery method: Group Internet Based
Attendance Requirement: Yes
Session Duration: 120 minutes
Who Will Benefit:
CPA
Enrolled Agents (EAs)
Tax Professionals
Attorneys
Other Tax Preparers
Finance professionals
Financial planners
About Our Speaker
Marcia L. Miller, MBA, EA is President and Owner of Financial Horizons, Inc.
Marcia’s experience spans over four decades of Accounting, Tax and Management Consulting for a practice with emphasis on representing Small Business Owners in all aspects of Taxes, Employment & Labor Issues, Pensions, Estate Planning as well as Federal, State (Nationwide) and Foreign mandatory reporting.
As an author, webinar expert, and live speaker for various national companies & accounting organizations at their annual conferences, she has shared her expertise on a multitude of current business taxation and accounting topics
