The Internal Revenue Service (IRS) has a high priority task of identifying as many employees as it possibly can. This is done to assess social security, Medicare and unemployment taxes, which will help the government to earn revenues. During the course of this action, should the IRS locate a red flag, it will initiate an audit.
It is always good for the employee to take steps to prevent being audited. Further, she should know how to handle an audit if she indeed ends up being in this position. This learning will form the core of a valuable webinar that Compliance4All, a leading provider of professional trainings for all the areas of regulatory compliance, will be organizing.
To enroll for this webinar, all that is needed is to log on to http://www.compliance4all.com/control/w_product/~product_id=500975LIVE/
Important tools for preventing or handling an IRS audit
The speaker at this webinar, Greta Hicks, will impart the tools needed for preventing an IRS audit, and ways of handling it, should it occur. A former IRS Revenue Agent and Regional Training Coordinator; Greta is the author of “IRS Examination and Appeals Procedures” as well as, pilot tester of on-line continuing education courses for Checkpoint Learning.
The major outcome of this webinar will be to provide participants the tools to avoid contractor vs employee issues, to handle an employee vs contractor audit, and to appeal an auditor’s decision. This learning will help participants completely understand the ways of handling an audit from the IRS.
The following areas will be covered at this webinar:
o IRS 20 factor test for identifying independent contractors
o Red flags that attract attention of Agencies
o How is a company most likely to be “caught?”
o The “red flags” companies should look for when performing a self-audit.
o How the tax due is calculated?