Compensation Tax Issues - 2 Hours CPE
Compensation Tax Issues - 2 Hours CPE
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Description
Course Overview
Compensation can take many forms beyond regular wages, creating complex federal tax reporting and classification issues. This course examines the tax treatment of fringe benefits, employee discounts, back pay, differential pay, paid family leave, and other special compensation arrangements. It also explores tip income, statutory employee classifications, and less common payment situations involving Medicaid waiver payments, surrogacy fees, utility rebates, and other incentives. Participants will gain a better understanding of how various types of compensation are treated for federal income tax purposes.
Explore additional tax topics in our self-study CPE course catalog.
What You'll Learn
After completing this course, participants will be able to:
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Identify the federal tax treatment of wages, fringe benefits, special payments, and other forms of employee compensation.
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Distinguish reporting and classification requirements involving tip income, statutory employees, and unusual compensation arrangements.
Who This Course Is For
Tax professionals who prepare returns or advise clients on employee compensation, taxable benefits, tip income, and related federal tax reporting issues.
| NASBA |
Field of Study: Taxes CPE Credit: 2.0 hours Delivery Method: QAS Self Study |
| IRS |
Field of Study: Federal Tax Law CE Credit: 2.0 hours IRS Program Number: VP8T3-T-00496-24-S |
| CTEC |
Field of Study: Federal Tax Law CE Credit: 2.0 hours CTEC Course Number: 1044-CE-05329 |
| Publication Date: | 5/1/2024 |
| Instructional Delivery Method: | QAS Self-Study |
| Level: | Intermediate |
| Prerequisites: | General knowledge of taxation |
| Advanced Preparation: | None |
| Author: | Lee Reams, Sr., BSME, EA |
Course Material: A copy of the course material is available for download under the Additional References tab.
Refund Policy: Your complete satisfaction is our #1 priority. At CountingWorks, Inc., we do whatever it takes to make sure your expectations are met on every order we complete. We back all of our products with a 10-day no-hassle money-back guarantee. For information regarding refunds, complaints, and program cancellation policies, please contact our Customer Service Department at 1-800-384-1101
Certified Public Accountants: CountingWorks, Inc., is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Registration: Sign-up online by clicking add to cart above or by phone at 1-800-384-1101