Federal Employment Tax Oversight: Preparing for Heightened IRS Enforcement
Strengthening Compliance to Withstand Tougher Audits and Avoid Civil and Criminal Penalties
Justice Department sets employment tax fraud abuse as leading enforcement priority
Recording of a 100-minute CPE/CLE webinar with Q&A
This seminar will explore the realities of the IRS' heightened scrutiny of corporate federal withholding tax compliance and offer best practices to improve a company's ongoing remittance of this tax.
- Background on federal employment tax oversight to date
- Enforcement has been relatively light compared with corporate income tax
- Most cases handled on audit; penalties light
- Shift in priorities with federal budgetary plight in 2008 and 2009-06-19
- Senate committee urges more prosecution of employment tax abuses
- The new IRS posture
- Designation of withholding tax as a top enforcement priority for the Justice Department Tax Division
- Business taxpayers immediately notice tougher stance by auditors
- Prospect of parallel civil penalties such as tax liens
- Prospect that some cases will be referred for criminal prosecution
- Reexamining a company’s withholding tax compliance
- Record in on-time remittance of full amounts
- Classifications of staff as either permanent employees requiring withholding, or as independent contractors
- Nature of payments to employees: Cash or off-the-books
The panel will analyze these and other critical areas of employment tax oversight and compliance:
- The reality of IRS investigations: What will it take for the Service to push a withholding tax matter into civil or criminal investigations?
- The current tenor of audits: What kind of approach can your company expect from the IRS now?
- The likely "red flags": What sort of classifications of employees and independent contractors, payment methods, etc. are likely to attract attention?
- The priorities for improving withholding tax compliance: What should your company tax department do first?
Caplin & Drysdale
He has 35 years of experience with federal employment tax matters and currently specializes in tax controversies and... | Read More
He has 35 years of experience with federal employment tax matters and currently specializes in tax controversies and tax planning for business transactions. He has worked with the firm since 1972, before which he was with the U.S. Justice Department's Tax Division.Close
GJ Stillson MacDonnell
She chairs the firm's Employment Taxes Practice Group and is nationally recognized for expertise in federal and state... | Read More
She chairs the firm's Employment Taxes Practice Group and is nationally recognized for expertise in federal and state withholding taxes. She previously chaired the American Bar Association's Employment Taxes Committee.Close
Mopsick & Williams
His firm specializes in tax disputes, including employment taxes. He previously spent 30 years with the IRS Office of... | Read More
His firm specializes in tax disputes, including employment taxes. He previously spent 30 years with the IRS Office of Chief Counsel and served on the California State Bar Taxation Section's Executive Committee.Close
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