2014-2015 Payroll & Self-Employment Tax Federal Tax Update (Currently Unavailable)

Author: Vern H.

In this course, Vern discusses the current Tax Codes, cases and rules affecting payroll and self-employment taxation.

Publication Date: November 2014

Designed For
All tax practitioners, both public and industry, who need the latest - and necessary - tax changes for their clients.

Topics Covered

• Learning about the new .9% additional Medicare tax for high income wage earners and self-employed individuals
• Reviewing how the DOMA Supreme Court decision created payroll tax refunds for employers & employees
• Understanding the simplified payroll tax return filing requirements for small employers
• Examining, in-depth, the factors IRS auditors are using to determine if a worker is an employee or an independent contractor
• And closing with a look at the nasty surprises in the IRS's clarification of the tip reporting rules

Learning Objectives

• Recognize key tax changes affecting payroll and self-employment taxation.
• Identify numerous tax issues and provisions impacting your clients' or employer's tax returns.
• Apply various tax rates and computations to scenarios just like those you see in your office, to better prepare you for the upcoming tax season.

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation
None