Employee wage withholding and reporting are two critical employer responsibilities. The IRS requires every employer to determine who is an employee and who is an independent contractor, accurately report their compensation to the IRS, withhold income and payroll taxes from employee wages, and timely report and transmit the taxes, along with the employer’s share of payroll taxes, to the U.S. Treasury. The IRS vigorously enforces these rules, and an organization that fails to follow them will be liable for unpaid taxes plus interest and penalties.
This webinar will discuss:
Marianna G. Dyson will present this 60 minute webinar.