2013-2014 Payroll & Self-Employment Tax Federal Tax Update (Currently Unavailable)

Author: Vern H.

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Updates for CTEC
2 hours Federal Tax Law Updates for EAs and OTRPs

Vern discusses the current Tax Codes, cases and rules affecting payroll and self-employment taxation including employee vs independent contractor determination, tip reporting rules, and understanding the simplified payroll tax return filing requirements for small employers.

Follow along with Vern's comprehensive PDF manual containing hyperlinks to important rules and regs, included with purchase.

Publication Date: November 2013

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 effective in 2012, affecting payroll & 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

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