- NY Credits : 2.0
- TX Credits : 2.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 2.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax Update - 2.0
This quarter's update looks at two different areas of classification. There are significant tax consequences arising from the classification of a worker as an employee or independent contractor, including payroll tax issues, types of compensation, and deductions available. Additionally, there may be numerous issues that are not tax related, including overtime pay under the Fair Labor Standards Act and statement unemployment and workers' compensation. Additionally, the determination of whether a person is a nonresident alien for tax purposes is an important analysis for any practitioner with a client that may or may not be considered a nonresident alien for tax purposes. Practitioners need to be cognizant of the basic rules applicable to that determination.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
analyze issues related to worker classification; and
analyze issues related to resident versus nonresident alien status for tax purposes.