The IRS is increasing both civil and criminal enforcement against taxpayers who fail to comply with withholding and remitting of employment taxes. Noncompliance can cause heavy penalties and interest against taxpayers that could destabilize a company and its operations. Tax professionals and advisers must grasp a complete understanding of tax rules and available techniques to avoid or minimize tax assessments and penalties. This webinar will guide tax professionals and advisers on critical issues relating to employment taxes. The panel will discuss essential techniques to avoid penalties and handling IRS audits stemming from employment taxes. The panel will also address worker classification issues and methods to overcome them, the impact of California AB 5, key considerations for state versus federal compliance, the Government use of injunctions and criminal aspects.
Learning Objectives
• Identify how the IRS is increasing both civil and criminal enforcement against taxpayers who fail to comply with withholding and remitting of employment taxes
• Determine how non-compliance can cause heavy penalties and interest against taxpayers that could destabilize a company and its operations
• Recognize an understanding of tax rules and available techniques to avoid or minimize tax assessments and penalties
Major Topics
• Employment tax issues that trigger an IRS examination
• Worker classification issues and impact of California AB 5
• Complex issues of state versus federal compliance
• Trust fund recovery penalties and potential criminal aspects
• Critical mechanisms to avoid IRS examinations and resolve employment tax issues
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