Which Irs Form 13844 Employed 2024

Welcome everyone to Tax Power! Today is April 5th, 2017, and this is our April monthly webinar. Today's topic is employees versus independent contractors and self-employed tax issues. Today's content will be about five minutes, to kind of introduce Tax Power as a webinar, and we'll talk about many other events that we're involved with. Then, we're going to spend about 15 minutes talking about the cost - what does it cost for a small business to have an employee versus a contractor, and we're going to understand why they make certain choices and, in some cases, the wrong choices of making employees independent contractors when they're really supposed to be employees. After that, we're going to talk about IRS determination of worker status. This is where an employer mistakenly makes somebody a contractor and then they use a special form to gather information and make the decision to change that to an employee. So, in the first half an hour of the webinar, we're going to talk a lot about the distinction between employee and contractor. Once we have that contextually understood in-depth, we can talk about some of the tax deductions and benefits of one or the other. Then, we'll move on to talking about the business expenses that self-employed individuals or independent contractors get, or people that have a Schedule C. We'll also talk about some of the challenging expenses that these groups of people have. Next, we'll cover people that are not self-employed and don't file a Schedule C. They have unreimbursed business expenses, and that's a key important one. We'll spend about ten minutes on that. Finally, in the last five minutes, we'll wrap things up and talk about the importance of estimated taxes and the mechanics of it. Then, we'll move on to the...