Statutory employees, independent contractors, and possible changes to §530 relief Using SS-8 Payroll 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 dates Understanding payroll tax responsibilities in the gig economy
Learning Objectives
Distinguish an employee from an independent contractor and understand the relief available to employers who misclassify employees Understand the withholding requirements for FICA and federal income taxes for Forms W-2 and 1099, including back-up withholding Examine employer requirements regarding Form W-4 Understand the gig economy and the payroll tax responsibilities associated with it
Major Topics
Statutory employees, independent contractors, and possible changes to §530 relief Using SS-8 Payroll 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 dates Understanding payroll tax responsibilities in the gig economy