Product Id: 50031
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With so many updates to the Form I-9 over the last several years including the most recent released on Jan 31, 2020, there is a lot of confusion on how the changes impact employers. This webinar will review all the changes in detail and how the employer can deal with them.We also have additional options of going electronic with the Form I-9 and options to validate employees electronically.
The costs of not complying are high. Compliance is actually easy if you know what to do. Unfortunately, many organizations do not take the time to learn how to properly complete an I-9 form. The forms are also changed every few years.The presenter has conducted hundreds of I-9 audits.
The IRS requires employers to report wage and salary information for employees on Form W-2. Your W-2 also reports the amount of federal, state and other taxes withheld from your paycheck.As an employee, the information on your W-2 is extremely important when preparing your tax return. Sounds simple, doesn't it?
1099s report payments made to non-employee service providers, as well as payments to suppliers and other entities you do business with.Think of your own organization, can you name all the types of service providers you use? Do you know which payments are reportable on 1099s, and the minimum amounts you must pay before they are reportable? There is a new 1099-NEC for tax year 2020 that replaces the box 7 payments of the 1099-MISC.