Payroll Tax Headaches

Duration: 60 minutes

Speaker: Debbie Cash, CPP

CREDITS:

Available On-Demand

PURCHASE OPTIONS

Individual Purchase Options
On-Demand Available On-Demand. Watch the webinar recording multiple times for 30 days.	$179
Recording Download link will be emailed for single user access with handouts. Available in 3-5 business days, after Live Event. Never Expires.	$199
Transcript (PDF) PDF transcript of webinar with handouts will be emailed. Available in 7-10 business days, after Live Event. Never Expires.	$169

Group Purchase Options
Recording With License to Share Download link will be emailed with a license to share within the organization. Available in 3-5 business days, after Live Event. Never Expires.	$599	Select

ABOUT THE EVENT

Payroll Taxes are one thing that all businesses have in common. Dealing with Payroll Tax Headaches can be overwhelming and frustrating for any business. Failure to properly file and report payroll taxes can result in huge fines and penalties for a business and may result in legal action. This topic will give you guidance on precautions to take to keep from getting into a Payroll Tax Liability. It will provide tips on how to respond to notices and make claims for appeals to resolve tax liabilities. Details of IRC Section 6672, Trust Fund Recovery Penalty will be explained. The material covered in this webinar will give you the tools necessary to help your business remain in compliance and avoid Payroll Tax Headaches.

Learning objectives:

You will understand what IRC Section 6672 is and how to keep in compliance to avoid it.
You will be able to identify ways to avoid a payroll tax liability.
You will be given guidance on how to respond to tax notices.
You will be provided valuable resources to keep in compliance.

Areas Covered:

I. How an Organization gets into a Payroll Tax Liability

Not paying taxes timely or according to federal or state guidelines
Not researching regulations of where work is being performed to withhold proper taxes
Paying taxes on the wrong frequency
Improperly classifying employees as contractors
Not withholding/over withholding on foreign employees

II. Precautions to take

Research when going into a new location
Audit tax withholdings
Check liability before the new year for frequency issues
AP Audits against employee records
I-9 Audits, watch for red flags on employee documents
When you realize a mistake was made file an amendment

III. Types of Consequences

Fines/Penalties
Levies
Trust Fund Recovery Actions

IV. IRC Section 6672-Trust Fund Recovery Penalities

What is IRC Section 6672
What taxes does it apply to
Types of Appeals/Claims
Requests for Abatement/Refunds
What parties can be held responsible

V. What to do when you receive a Notice

Respond to Notice as soon as possible
Write detailed letter of explanation
Send documentation to back up claim
Ask for waiver of penalties and interest

VI. Helpful Websites, Publications and Ways to get Help

IRS.gov, Publication 15
State Websites and Employer Guides
Local Government Websites
Google/Search engines
Taxpayer Advocate Service

Who Should Attend:

Payroll Professionals
Accounting Professionals
HR Professionals
Finance Professionals

Speaker(s)

Debbie Cash, CPP

Debbie Cash, CPP is a Manager of TLM Implementation at G&A Partners. G&A Partners is a Professional Employer Organization (PEO) that offers payroll, human resources, benefits management, risk management, and accounting services for businesses. G&A Partners acquired Employer Advantage LLC (PEO) in February 2022. Debbie began working for the organization in 2006 as a Payroll Tax Specialist and Time and Attendance Specialist. She was promoted to Time/Labor Manager in 2021.

CEUs

The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.

Credits: 1.0

Compliance Prime is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org

Credits: 1.0

Compliance Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org.

Credits: 1.0

Credits: 1.0

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