Coordinating sick pay with your providers and staying in compliance with the myriad of tax reporting requirements can be difficult at best, if not downright agonizing. What are your reporting responsibilities? When is sick pay subject to Social Security and Medicare taxes? How do you calculate how much is taxable to the employee? And, most importantly, who handles all the withholdings and W-2 reporting? The IRS and the SSA are getting very testy these days when your 941 totals do not add up to your W-2 reports and vice versa. Very large federal assessments are being sent out and many relate to handling third party sick pay. Some states are also becoming very aggressive on sick payments and they require different treatment from the federal rules. This webinar will give you what you need to know when handling compliance responsibilities associated with your sick pay arrangements.
Join noted payroll consultant Jerri LS Langer, with Cokala Tax Reporting Solutions, as she covers hot topics in handling sick pay for 2011. In this webinar you will learn:
Jerri LS Langer, Cokala Tax Reporting Solutions
Jerri LS Langer, J.D., L.L.M., COKALA Tax Information Reporting Solutions, LLC is a nationally recognized information reporting and withholding consultant who provides a wide range of tax advisory services to many Fortune 500 companies around the world. She is a founding member of the Cokala Tax Group, an advisory services firm offering experienced, efficient and practical help in meeting obligations for tax withholding, payee documentation, tax information reporting, and related issues including income classification. She is currently serving a second term as a member of the IRS Commissioner’s Information Reporting Program Advisory Committee (IRPAC; she previously served in 1999-2000. Prior to Cokala, she served as a Director in Balance Consulting, an organization specializing in tax reporting and withholding compliance; and earlier as chief tax compliance officer of ProBusiness Services Inc. Jerri learned much of her trade as a Director in Deloitte & Touche, where she gained a national reputation assisting clients in complying with domestic and international tax reporting and withholding requirements. She received her JD and LLM in Taxation from the University of Florida - College of Law (1982) and is a member of the Florida and Michigan bars.
Jerri authors Aspen Publishers’ Ohio Payroll Guide, co-authors Aspen Publishers’ California Payroll Guide and contributes to Aspen’s The Payroll Answer Book, all widely circulated publications. She also authors the AAPA Guide to Accounts Payable published by ASPEN in conjunction with the American Accounts Payable Association, an affiliate of the American Payroll Association, and authored the first Bloomberg BNA Tax Portfolio on U.S. Information Reporting and Backup Withholding. She is frequently quoted in many trade journals and is a frequent lecturer around the country on these topics.