Employment Taxes (Currently Unavailable)

Author: Colleen Neuharth McClain

CPE Credit:  1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC

Employees, employers and self-employed individuals are all required to pay federal taxes as income is earned throughout the year.

The Internal Revenue Service, which is part of the Department of the Treasury, administers the tax reporting and collection process for the U.S. based on established laws. When a company hires an employee, the company is assigned a role in the tax administration system of the country. The following information will describe an employer's responsibilities for employment taxes.

Publication Date: March 2015

Designed For
Accountants and Tax practitioners that need more information on employment taxes.

Topics Covered

  • United States Government Revenue
  • Employment Taxes
  • Internal Controls
  • Tax Evasion Schemes
  • IRS Investigations and Cases

Learning Objectives

  • Recognize an employer's income and employment tax withholding and reporting requirements.
  • Recognize the potential penalties and implications of willful evasion of employment tax requirements.

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
None

Advance Preparation
None

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