Tax Ramifications of Working at Home During the Pandemic Webcast | 4204479B

Date :
May 26, 2020 9:00 AM - 11:00 AM
Location :
Webcast
Facility :
Webcast Rebroadcast
Level of Difficulty :
Overview
Member Price :
75.00
Nonmember Price :
101.00
CPE Credits :
CPE 2.00
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Shelter-in-Place means that many of us are now working at home. If home is in a different state from employer, then there can be significant state ramifications which you and your clients need to be aware of. The employer will probably be doing business in the state where the employee is working, and will need to register with the Secretary of State’s office and start filing income tax returns. The employer will also need to start withholding income tax and remitting that tax to the employee’s home state. The employee will have to report wages to the state where the employee is working from. If the employer is in a state that uses a “convenience of the employer” test, then the employee may find that he/she is taxed twice. We will review all of these topics plus the rules related to sourcing wages for state payroll tax purposes. Don’t be caught “unaware” of the state/local tax consequences that can result from the significant increase in the number of employees telecommuting from another state.

Objectives:

• Identify when employer is doing business in a state where employee is telecommuting.
• Determine what is meant by the convenience of the employer test and how it can impact your client.
• Recognize when your clients now have increased state reporting requirements due to telecommuting

Major Subjects:

• Understand when the employer is doing business in another state
• Become familiar with the myriad of rules governing when an employer must withhold income tax payments.
• Learn how wages are sourced for state payroll tax purposes.

Advanced Prep:

None

Misc. Information:

None
Level of Difficulty:
Overview
Field of Interest:
Taxes
Prerequisites:
None
Designed For:
CPAs and financial professionals

Instructors

Kathleen K Wright, CPA
Kathleen K. Wright, CPA, Esq., has been practicing in the field of tax for over 40 years. She has worked in public accounting, private industry as a financial controller, and now has her own practice which specializes in client representation and expert witness assignments. She is also the director of the State and Local Tax Program at Golden Gate University, where she is a full-time professor. Wright is one of three co-authors of the CCH Expert Treatise on State and Local Tax - State Taxation of Income and Other Business Taxes. She also publishes a monthly column in State Tax Notes published by Tax Analysts. She holds a juris doctor degree, a master’s degree in business administration (in taxation), and a master of laws degree (in taxation).

Materials:

  • Materials - eBook