Payroll Overpayments, Multi State Taxation & Civil Tax Fraud : 2021 Updates Bundle

Part 1: 2021 Multi State Taxation and COVID-19 updates

Instructor: Dayna J Reum

Areas Covered in the Webinar:

• Telecommuting and why it creates a tax liability for employers
• Residency
• Reciprocity Agreements
• Resident/Non Resident Withholding Rules
• Evaluating taxation for multiple states Payroll and Tax Professionals
• What wages are subject to taxation?
• Withholding compliance issues.
• State Unemployment Insurance
• Traveling Employees
• Administrative Concerns
• HR Concerns
• Local tax residency rules
• Case Studies

Part 2: Civil Tax Fraud – Navigating Audits When Fraud Is Involved

Instructor:  Adam Fayne

Areas Covered in the Webinar:

• How to determine if Fraud is present – ask the tough question to the client.
• How to tell if the IRS is aware of fraud.
• Tools to mitigate the damage from a fraudulent tax return.
• Civil consequences of a fraudulent return.
• Criminal consequences of a fraudulent return.
• How to correct a fraudulent tax return.

Part 3: Payroll Overpayments: Handling them Correctly in 2021

Instructor:  Vicki M. Lambert

Areas Covered in the Webinar:

Handling Overpayments under IRS and State Tax Codes:

• Why a 1990 IRS Private Letter Ruling on handling overpayments applies today 
• Correcting overpayments in the same calendar tax year
• Why asking for the gross is better than the net check for prior year overpayments
• Correcting FICA taxes for a prior year overpayment
• Correcting FUTA/SUI taxes
• Using Form W-2 or Form W-2c to report overpayments

Wage and Hour Laws and Their Impact on Recouping Overpayments:

• The standards under the FLSA in terms of timeframe for recouping prior year overpayments
• Is a written agreement for repayment always required under the FLSA
• Collecting overpayments from exempt employees and its effect on salary basis compliance
• Recouping overpayments and its effect on minimum wage and overtime requirements
• Can employers treat advanced vacation payments as overpayments if an employee terminates
• Where do the states stand on recouping overpayments