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Webcast

Employee vs. Independent Contractor with Volunteer Classification Settlement Program (VCSP)

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$98.00

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CPE Credits

2 Credits: Taxes
Course Level
Basic
Format
Webcast

Course Description

One of the more perplexing and problematic concepts to comprehend under federal tax law is the Employee v. Independent Contractor debate. It is critical for businesses to occasionally review the category of its workers to see if they are properly classified.

Misclassified workers remain a priority with the Internal Revenue Service (IRS). The IRS is aware that large groups of businesses avoid payroll tax responsibilities by classifying workers as independent contractors rather than employees.

Furthermore, we will discuss the Volunteer Classification Settlement Program (VCSP). The VCSP is a little-known program that may be the right choice to get your client into compliance with treating their workers as employees. Learn about the process, how to qualify for the program, and discover the significant tax savings that will benefit your client. Bonus Material: Discussion new guidance issued by the Department of Labor.

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Learning Objectives

Upon completion of this course, participants will be able to:

  • Distinguish between an independent contractor and an employee
  • Explain the three categories of Control Factors
  • Calculate penalties for misclassifying workers.
  • Apply rules to taxpayers in various occupations
  • Analyze Section 530 Relief under the Revenue Act of 1978
  • Interpret the Volunteer Classification Settlement Program (VCSP)
  • Review court cases
  • Overview of other related issues
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Course Specifics

Course ID
WC1824398382
Revision Date
December 10, 2024
Prerequisites

None

Advanced Preparation

None

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02680-24-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-2118
CTEC Federal Tax Law Credits: 2

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. 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 toll-free at (877) 850-2832, or on the Internet at www.ctec.org.

Meet The Experts

A.J. Reynolds, EA
A.J. Reynolds, EA

A.J. Reynolds, EA has over thirty years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. focuses a portion of his practice to IRS Representation. As diverse as his specializations, A.J.’s clientele, too, ranges from average workers to Fortune 500 executives. Additionally, A.J volunteers his time with the Iowa Legal Aid’s Managing Attorney assisting in Tax Court cases and assorted income tax issues. A.J. brings his everyday “in the trenches” experience to seminars and webinars for multiple organizations to assist attendees with real issues affecting tax professionals. A.J. started his …

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