Identifying Employees vs. Independent Contractors

  • 4.1
2 hours on-demand video
$ 12.99

Brief Introduction

This course details federal and state requirements needed to classify workers as independent contractors or employees.

Description

This course will serve as a sound basis to assist human resources, payroll or finance professionals in determining how to properly classify a worker as an independent contractor or an employee.

To start, we will examine the requirements needed to determine if a worker is an independent contractor or an employee under various federal and state regulations, and will cover:

  • Basic characteristics of both types of workers.
  • The IRS’ three categories to determine whether a worker can be classified as an independent contractor under the IRS rules.
  • Requirements for each type of worker under the wage and hour rules.
  • The IRS form that can be used to help determine the worker’s status.

We will also review examples of scenarios that can trigger an independent contractor audit and the penalties that can be assessed if the worker is determined to be misclassified. To complete the course we will discuss various examples of state regulations as they pertain to worker classification. You will come away from this course with a solid understanding of the requirements for classifying workers as employees vs. independent contractors.

If you would like Continuing Education Credit (e.g. CPE, CE, CPD, etc.) for this course, it is available if you take this course on the Illumeo dot com platform under course title: Employee or Independent Contractor? That is the Question!. Illumeo is certified to provide CPE in over two dozen different professional certifications covering finance, accounting, treasury, internal audit, HR, and more. However, in order to receive CPE credit the courses must be taken on an ‘approved-by-the-governing-body’ CPE platform, and for over two dozen corporate professional certifications, that is the Illumeo platform. Go to Illumeo dot com to learn more.

Requirements

  • Requirements
  • Exposure to US income taxation.
$ 12.99
English
Available now
2 hours on-demand video
Illumeo Learning
Udemy

Instructor

Illumeo Learning

  • 4.1 Raiting
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