Target Audiences: Libraries
Learn more about the rules of employee gifts, bonus incentives, uniforms, donations, conference "prizes," and other taxable fringe benefits--where to report them and how to tax them. In addition, this session will cover the law on control factors and how they relate to your independent contractors. You will learn what to do if you have workers that you feel are misclassified as well as the taxes and penalties that your library will be liable for if the workers are found to be misclassified. donations, conference "prizes," etc. What does all of this mean as related to the IRS and how should they be handled.