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Payroll and Employment Tax

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This instructor-led seminar focuses on federal tax filing and deposit requirements if a business issues payroll. Special attention will be paid to corporations taxed under sub-chapter S of the Internal Revenue Code since a “reasonable wage” requirement exists for many shareholders actively participating in the business.  The seminar will outline the differences between contract labor and employees so business clients may be counseled on Worker Classification. Attendees will learn about personal liability through Trust Fund Recovery Penalty (TFRP) assessment for parties that are deemed responsible payroll deposits. Strategies, IRS process, and timelines for TFRP representation, including the 4180 interviews, will be covered.

Learning Objectives
After completing this course, an attendee will be able to:

  • Determine a Worker’s Classification as an employee/wage-earner or contract laborer/self-employed taxpayer.
  • Identify when a “Reasonable Wage” must be paid to a Shareholder.
  • Recognize the federal tax forms business clients must file when payroll is issued. Advise clients of federal tax deposit schedules and the required mode (EFTPS), based on a client’s payroll tax during a “look-back period”.
  • Analyze the risk of personal liability to “responsible parties” in the case of a Trust Fund Recovery Penalty.
  • Effectively walk a client through the 4180 interview, including the documentation a Revenue Officer will request and the summons power utilized by the IRS. Explain the letter 1153 and 2751 regarding the IRS determination of TFRP assessment.

CPE Credit: 2 hours Federal Tax Law

Speaker: Jessie Sarah Seaman, Esq./E.A

NSA Webinar Program Level: Intermediate   Prerequisites: None   Advance Preparation: None   Delivery Method: Group-Internet Based

No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.

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NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

Jessie Sarah Seaman, Esq., E.A.

Community Tax, LLC

Jessie is an active member of the Florida Bar, Tax Section, NAEA, and CERCA. She has served as an adjunct professor teaching various courses including Business Law, State and Local Taxation, Contemporary Business Ethics, and an exam preparation class for the Enrolled Agents Examination. Jessie has a passion for tax controversy work because it is ever-evolving, applicable to all, and in many cases unfairly enforced. She has been in Tax Representation for over 12 years and currently acts as the Vice President of Community Tax, LLC.  Her firm’s home office is in Chicago, IL but there are also offices in Florida, South Carolina, Missouri, Puerto Rico, and overseas.

Components visible upon registration.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

The National Society of Accountants 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/.

NSA has been approved by the California Tax Education Council to offer the above courses to go towards the annual "continuing education" requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877) 850-2832, or on the Internet at www.ctec.com.