Description: This course explores the tests used to determine whether a worker is properly characterized as an employee or an independent contractor for tax purposes, with a focus on the cost of getting it wrong and possible Section 530 relief. The game changing impact of the Dynamex case and AB5 will also be discussed.
Learning Objectives:
- Apply the tests used to determine whether a worker is properly characterized for tax purposes
- Identify cost associated with misclassification
- Identify planning ideas and potential pitfalls.
Program Content:
- Four ways to classify a worker
- IRS 20 Factors
- 20% Section 199A deduction
- Cost of misclassifying an employee
- Section 530 relief
- Game changing impact of the Dynamex case and AB5
Who should attend: CPAs and members in industry seeking a broader understanding of worker classification rules and tax consequences.
Program Level: Intermediate
Developed By: Van Der Aa Tax Ed, LLC
Instructor: Douglas J. Van Der Aa, CPA, JD
CPE Credit: 2.5 hours
Field of Study: Taxation
Prerequisites: A basic working knowledge of business and payroll taxation.
Advanced Preparation: None
Douglas J. Van Der Aa, CPA, JD
Doug is a lively and energetic speaker – especially on the subject of taxes and ethics. He has been a highly rated speaker and seminar leader for CPA Associations and other organizations throughout the country for more than 18 years. Doug has over 25 years of professional experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. As a CPA, Doug’s practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.
Only registered students have access to the handout.