Gain the tools necessary to help your business remain in compliance and avoid payroll tax headaches.
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. The details of IRC Section 6672, Trust Fund Recovery Penalty, will be explained. The material covered in this presentation will give you the tools necessary to help your business remain in compliance and avoid payroll tax headaches.
Add to Wishlist
More Program Information
Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
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
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
Types of Consequences
- Fines/Penalties
- Levies
- Trust Fund Recovery Actions
IRC Section 6672-Trust Fund Recovery Penalties
- 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
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
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
Add to Wishlist
More Program Information
Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on May 19, 2023.
Call 1-866-352-9540 for further credit information.
- AIPB 1.0
- This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
HR Certification Institute 1.0
- This E-Learning program has been approved for 1.0 (General) recertification credit hours toward aPHR(TM), aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM) and SPHRi(TM)recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
SHRM 1.0
- Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
- Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
More Program Information
Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Debbie Cash, CPP
G&A Partners
- Business analyst-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
- Has more than 30 years of experience processing payroll and payroll taxes for various companies and professions
- Formerly a payroll tax/time and attendance specialist at Employer Advantage LLC, worked for Joplin R-8 school district, and worked as a payroll specialist at Missouri Southern State University
- Attended the International Tax Conference in Wisconsin and specialized in international tax for student visas
- Certified Payroll Professional certification
- Bachelor’s degree in general business and associate’s degree in accounting, Missouri Southern State University
- Can be contacted at [email protected] or 417-782-3909, ext. 148
Add to Wishlist
More Program Information
Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
