Free Webinar on a Nonprofit's Responsibilities for FICA and Income Tax Withholding
- 12:00 PM - 1:00 PM
- Eastern Time (US & Canada)
- By: D.C. Bar Pro Bono Program
- Nonprofit / Community Development
Payroll Taxes: A Webinar to Help Your Nonprofit Understand What It Needs to Know About FICA Taxes and Income Tax Withholding
Employee wage withholding and reporting are two critical employer responsibilities. The IRS requires every employer to determine who is an employee and who is an independent contractor, accurately report compensation to the IRS, withhold FICA and income taxes from employee wages, and timely report and transmit the withholdings, along with the employer's share of FICA taxes, to the U.S. Treasury. The IRS vigorously enforces these rules, and an organization that fails to follow them will remain liable for underwithheld taxes, plus potentially interest and penalties including late deposit penalties.
Join Marianna Dyson, a member of the law firm of Miller & Chevalier and one of the nation's top experts in the field, as we review what the employer's responsibilities are; the penalties the IRS can impose for failure to comply with the payroll tax rules; the potential personal liability of officers and directors for payroll tax failures; steps employers should take to avoid problems with the IRS; and steps that can be taken to address problems if they arise.
Register for the webinar as a first step towards ensuring that your nonprofit does not run into problems with the IRS. To register click here.
For more information, please see the attached brochure.