Part 1: 2021 Multi State Taxation and COVID-19 updates

Instructor: Dayna J Reum

Areas Covered in the Webinar:

  • Telecommuting and why it creates a tax liability for employers
  • Residency
  • Reciprocity Agreements
  • Resident/Non Resident Withholding Rules
  • Evaluating taxation for multiple states Payroll and Tax Professionals
  • What wages are subject to taxation?
  • Withholding compliance issues.
  • State Unemployment Insurance
  • Traveling Employees
  • Administrative Concerns
  • HR Concerns
  • Local tax residency rules
  • Case Studies

Part 2: Civil Tax Fraud – Navigating Audits When Fraud Is Involved

Instructor:  Adam Fayne

Areas Covered in the Webinar:

  • How to determine if Fraud is present – ask the tough question to the client.
  • How to tell if the IRS is aware of fraud.
  • Tools to mitigate the damage from a fraudulent tax return.
  • Civil consequences of a fraudulent return.
  • Criminal consequences of a fraudulent return.
  • How to correct a fraudulent tax return.

Part 3: Payroll Overpayments: Handling them Correctly in 2021

Instructor:  Vicki M. Lambert

Areas Covered in the Webinar:

Handling Overpayments under IRS and State Tax Codes:

  • Why a 1990 IRS Private Letter Ruling on handling overpayments applies today 
  • Correcting overpayments in the same calendar tax year
  • Why asking for the gross is better than the net check for prior year overpayments
  • Correcting FICA taxes for a prior year overpayment
  • Correcting FUTA/SUI taxes
  • Using Form W-2 or Form W-2c to report overpayments

Wage and Hour Laws and Their Impact on Recouping Overpayments:

  • The standards under the FLSA in terms of timeframe for recouping prior year overpayments
  • Is a written agreement for repayment always required under the FLSA
  • Collecting overpayments from exempt employees and its effect on salary basis compliance
  • Recouping overpayments and its effect on minimum wage and overtime requirements
  • Can employers treat advanced vacation payments as overpayments if an employee terminates
  • Where do the states stand on recouping overpayments