- TX Credits : 0.2
The classification of a worker between an employee and an independent contractor can have major tax implications and penalty if wrong. Both common law rules and court cases provide guidance in determining whether payments made to individuals is payroll to employees or an expense paid to independent contractors. This course provides a brief summary of the indicators for classification and some examples as sourced from the IRS.
Thomson Reuters is committed to bringing innovative solutions to you, now including nano-learning! As per NASBA Standards, a nano-learning course is a 10-minute, electronic, self-study course in which you are eligible to earn 1/5 (or 0.2) CPE credits.
At this time, nano-learning is not accepted by all state boards. If you are not sure whether your state board accepts nano-learning, you can ask your state board or visit the NASBA registry: (nasbaregistry.org).
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
distinguish between an employee and an independent contractor.