2024 The AB5s of Employees and Independent Contractors

Overview

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. 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Highlights

• 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

Prerequisites

Basic working knowledge of business taxation

Designed For

CPAs and members in industry seeking a broader understanding of worker classification rules and tax consequences

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

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.