Virtual - IRS Lesson 6 - What you need to know about federal taxes when hiring employees or contract

In this lesson... you'll learn about the differences between an employee and an independent contractor; how to determine eligibility to work legally in the United States; the importance of the Form W 4 and the employer's responsibility regarding withholding; how to verify work names and Social Security numbers; the purpose of the state new hire registry; the process for filing Form W 2; your obligations to notify employees about the Earned Income Tax Credit; the role of Individual Taxpayer Identification Numbers; and finally, the process for enrolling in and using the Filing Information Returns Electronically system, also known as FIRE.

Speaker(s): Daniel Farmer with IRS as our guest speaker

Fee: No Cost