South Central: Collections, Employee v. Sub-contractor and Entity Selection - E3S5R-T-00810-24-I

Collections – 2 hours of CPE

We will review the various collection notices issued by the IRS for collection of taxes due, Levies and Liens and Installment Agreements.  The subject matter is an overview of the ways the IRS has to collect taxes owed to the U S Treasury. 

Employee versus Sub-Contractor – 1 hour of CPE

The topic will deal with the differences between an employee and a Sub-Contractor.  We will cover what happens to the employer if they have mis-classified the individual as a Sub-Contractor when they should have been treated as an employee.  This discussion will be from a tax standpoint - do not construe this to be "LEGAL" advice.  The discussion will lead us into Entity Selection. 

Entity Selection – 1 hour of CPE

There will be a broad-based review of the various entity selections available to taxpayers.  We will cover the pros and cons for each of the various entities as well as the way benefits are treated for the owner/partner/shareholder of the business.  THIS is in no way "legal" advice as discussion will focus on the ways the entities are taxed.