Complying with the tax code and the tax withholding requirements for the IRS and one state is complicated enough. However, it increase manifold for the multistate employer where one needs to multiply this by 5, 10, 20 or even 40 and it can turn into a payroll department's worse nightmare keeping track of it all. Not only there are more rules and regulations to comply with, one must also multiply the penalties in case of a mistake. Employees who live in one state and work in another or work in two or more states simultaneously require special handing by payroll to ensure that the proper amount of income tax comes out for the correct state. And the employer cannot simply tax for the home state and hope to survive an audit. The question the employer must answer: is it prepared to meet the challenges of multistate taxation?
In this conference 'Handling Multistate Taxation Properly' by Vicki Lambert, she will discuss the handling of state taxes when an employee lives in one state and works in another, or works in two or more states simultaneously. This includes what taxes to be on the lookout for including local taxes; determining liability as an employer; how reciprocal agreements can play an important role in determining state withholding; the differences between resident and non-resident taxation; Form W-4 equivalents; and state unemployment insurance.
This audio session will help payroll professionals learn the taxation and reporting requirements for all states where the company has employees working or in some cases, living.
Plus, you will also get answers to questions such as:
Areas covered in the session:
Objective of the session
Who Should Attend
Vicki M. Lambert CPP
Vicki M. Lambert, CPP is President and Academic Director of The Payroll Advisor™ a firm specializing in the training of payroll professionals. With over three decades of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert is a sought-after and respecte... More info