Government Scrutiny of Misclassified Independent Contractors
Correcting Worker Classification, Analyzing Payroll Tax Impact, and Avoiding Benefits Pitfalls With Leased Employees
IRS expands Voluntary Classification Settlement Program
Recording of a 110-minute premium CLE/CPE webinar with Q&A
This teleconference will discuss IRS and DOL enforcement efforts regarding misclassification of independent contractors, minimizing tax liability and penalties by correcting misclassification, participating in the IRS's Voluntary Classification Settlement Program (VCSP), and ERISA/benefit plan implications of worker misclassification and use of leased employees.
Outline
- Current IRS/DOL enforcement environment
- IRS SS-8 program
- Determining tax owed (Section 3509 retroactive relief and Section 530 safe haven)
- IRS Voluntary Classification Settlement Program (eligibility, benefits and pitfalls)
- Tax/ERISA/benefit plan implications of misclassification and use of leased employees
Benefits
The panel will review these and other key questions:
- What is the IRS and DOL enforcement outlook for 2013 for companies that use independent contractors?
- What are the risks and benefits of the SS-8 program, Section 3509 reduction of liability, and the Section 530 relief?
- What are the terms, benefits, risks and exposures of the IRS VCSP?
- How can the misclassification of independent contractors and the use of temporary or leased employees negatively impact the tax advantages of employer-sponsored benefit plans?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Faculty
Mary Samsa
Partner
McDermott Will & Emery
Her practice focuses on executive compensation (for both taxable and tax-exempt entities) where she advises on... | Read More
Her practice focuses on executive compensation (for both taxable and tax-exempt entities) where she advises on nonqualified deferred compensation arrangements, executive employment arrangements (including rebuttable presumption of reasonableness for tax-exempt entities), equity compensation arrangements, reporting and disclosure of compensatory arrangements, severance and change in control issues.
CloseStephen D. Erf
Partner
McDermott Will & Emery
He focuses his practice on labor/employment counseling and litigation, restrictive covenants, wage and hour, union... | Read More
He focuses his practice on labor/employment counseling and litigation, restrictive covenants, wage and hour, union organizing, collective bargaining, employment discrimination, wrongful discharge and public accommodations. He works with clients in a wide range of industries, including health care, education, construction, manufacturing, service, food, social service, chemical and transportation.
CloseRuth Wimer
Partner
McDermott Will & Emery
She focuses her practice on matters related to executive compensation including international, fringe benefits,... | Read More
She focuses her practice on matters related to executive compensation including international, fringe benefits, personal use of employer aircraft and qualified and non-qualified deferred compensation. Her practice covers the gambit of compensation issues including employment taxes, stock options, section 162(m), section 83, deduction limitations, and fringe benefits including health insurance.
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