Handling Multiple Forms of Taxes

(Session - 1) Payroll Tax for Non-Resident F-1, J-1, H-1B & EB-5 VISA holders

Presenter - Debbie Cash

Pre-recorded Webinar (Instant Access)

Duration - 90 Minutes

Payroll Taxes for Non-Resident Aliens is different than taxes for US Citizens.  Many countries have tax treaties with the United States which allows Non-Resident aliens an exemption from either all or part of Federal tax withholdings.  Different types of VISA Holders get certain exemptions from Federal Tax and FICA/Medicare tax.

An F-1 VISA is specifically for Full-time Students who come to the US to study at an accredited college or university.  These students can also apply for Optional Practical Training (OPT) in their major field of study which allows them to remain in the US for an extended period of time after they have completed their studies.  A J-1 VISA is similar to an F-1 VISA but is for Teachers and Researchers in a specific field of study for a specific amount of time.

The F-1 & J-1 VISA holders are both exempt from FICA/Medicare tax if they become employed for personal services while in the US.  They may also be exempt from Federal Tax withholding if their country has a Tax Treaty with the US.  Some treaties exempt all wages from tax and others have specific dollar limits that can be earned before they are subject to taxes.

The H-1B VISA is for speciality occupations that allow US employers to hire non-immigrant workers with specialized knowledge.  These employees are not allowed treaty exemptions and are treated as US citizens for tax purposes.

The EB-5 VISA was created to stimulate the US economy through job creation from foreign investors.  It allows foreign investors to apply for lawful permanent residence provided they meet the make the necessary investment and intend to provide jobs to US Workers. 

This webinar will go over what Employers need to know on how to treat these employees for payroll tax purposes.  What forms they need to complete to receive a tax treaty exemption and the specific forms that must be filed at Year-End.  Also, what to do if there is not a tax treaty in their country.

Webinar Agenda

Our expert speaker will go over the different types of documents that are considered payroll documents that must be maintained for a specific amount of time.  Some forms you might not consider as payroll documents actually are.

Many States have different rules than the Federal regulations regarding these documents.  I will touch on a few of these States and give guidance on how to find out more information about their regulations.

Each different type of document will be discussed in regard to how long you are required to keep the documents.  This will include timesheets, payroll changes, additions/deductions from Wages, State taxes and many more.

Webinar Highlights

• Differences in these types of VISA’s
• Which tax forms are these employee wages reported on
• Correct forms to file for tax treaty exemptions
• Tax Treatment for employees
• Timelines to send in tax forms
• Different tax treatments depending on articles of the treaty

(Session - 2) Data Security for Tax Professionals – 2024 Update

Presenter - Dr. Robert K. Minniti

Date - August 01, 2024

Time - 1 PM ET

Duration - 100 Minutes

The IRS has recently updated its guidelines for data and cyber security placing new responsibility for the security of taxpayer’s personal information on tax preparers. This webinar is designed for tax professionals who collect and store client’s personal information, who would like to obtain an understanding of data and cybersecurity. You have probably heard of some of the more common types of cyber crimes such as ransomware, spyware, computer viruses, phishing, vishing, spoofing, data breaches, denial of service attacks, hacking, etc. This webinar is designed to familiarize tax professionals who are not information technology (IT) experts on data breach and cybersecurity risks and internal controls. We will review the IRS recommendations for securing taxpayer information. We will cover the material in a plain language, nontechnical manner. We will cover what you need to know, but not how to write the computer programs or code.

This course covers the IRS guidance for Written Information Security Plans (WISP), The Federal Trade Commission’s Safeguards Rule, and the requirements outlined in the Gramm-Leach-Bliley Act.

Webinar Objectives

• Identify how criminals commit acts of cyber fraud
• Identify data security internal controls that will protect your company from criminals
• Identify the IRS data security recommendations for tax professionals
• Identify the data security requirements in the Gramm-Leach-Bliley Act
• Identify the legal requirements in the FTC’s Safeguards Rule

(Session - 3) 2024 Civil Tax Frâud – Navigating Audits When Fraud is Involved

Presenter - Adam Fayne

Date - August 08, 2024

Time - 1 PM ET

Duration - 60 Minutes

This webinar will provide an overview of both civil and criminal tax Frâud. Frâud may be underreporting income, excessive business deductions, concealing assets – both domestic and international assets, structuring, misclassification of employees, failure to file correct 941s or Trust Fund issues.  We will discuss the implications of the civil frâud penalty which may be as high as 75% of the tax understatement.  You will learn how to represent your client during audits where fraud is present, in an effort to keep the audit civil without referral to the Department of Justice for indictment.  As part of this discussion, we will provide you with the tools necessary to try and negotiate the lowest possible penalty.

Webinar Objectives

This webinar will provide you with the tools necessary to best represent taxpayers who are under audit and have committed frâud.  You will understand the terminology in these frâud audits and understand the various options and paths forward for your client. 

Webinar Highlights

• The difference between civil frâud and criminal charges.
• The process the IRS uses to determine whether to keep a case civil or criminal.
• The various methods to try and negotiate that the case remain civil, and not criminal.
• The applicable penalties in civil tax frâud cases.
• How to negotiate the reduction of the civil tax frâud penalty.

Who Should Attend

Payroll Professionals, Small Business Owners, Bookkeepers, Managers, Tax Professionals, Accountants, tax preparers, CFOs, financial compliance professionals, and lawyers