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.

Prerequisites

Basic working knowledge of business taxation

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

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