Surgent's Guide to Payroll Taxes and 1099 Issues (GPT4)
2025-12-24 14:00 - 17:30 UTC | Webinar
Surgent's Guide to Payroll Taxes and 1099 Issues (GPT4)

12/24/25 08:00 AM CST
- 12/24/25 11:30 AM CSTDescription:
Employment taxes are often overlooked as an area where more planning may be effective. Payroll taxes have become an increasing burden for the average business and IRS penalties for noncompliance have risen dramatically in recent years. As a result, they have also been subject to employer incentives. The Service has announced that uncovering noncompliance by employers ranks high on its audit list. This course presents an overview of employee versus independent contractor criteria, the federal payroll taxes form, Form 1099, and related compliance issues.Objectives:Distinguish an employee from an independent contractor and understand the relief available to employers who misclassify employeesUnderstand the withholding requirements for FICA and federal income taxes for Forms W-2 and 1099, including back-up withholdingExamine employer requirements regarding Form W-4Understand the gig economy and the payroll tax responsibilities associated with itPresenters:Debbie Phillips, M.S.T., CPAField of Study:Taxes (4)Major Topics:Statutory employees, independent contractors, and possible changes to §530 reliefUsing SS-8Payroll Tax Penalties -- Who is a responsible person?Forms W-2, 1099, 1099-NEC, SS-8, W-4, 941, and Form 940 reporting/deposit requirements and due datesUnderstanding payroll tax responsibilities in the gig economyLocation:
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