In this webinar, we 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 locals, determining liability as an employer, how reciprocal agreements can play an important role in determining state withholding, the differences between resident and nonresident taxation, Form W-4 equivalents and state unemployment insurance.
A payroll professional must know the taxation and reporting requirements for all states where the company has employees working or in some cases, living. Which state gets the SUI tax and which gets the income tax for a nonresident working in the state? Does the state have disability insurance and is it done through an insurance company or through a payroll deduction? Does the state follow the IRS Code for taxing Section 125 plans or not?
How to determine state withholding liability
Who is a resident
How reciprocal agreements affect the taxation of wages
How state exemptions or credits affect withholding
Resident and nonresident taxation policies
The four-factor test for state unemployment insurance
Income and unemployment taxation of Fringe benefits
Which states follow the Internal Revenue Code and which version
How to handle income and unemployment insurance taxation for employees working in multiple states
Supplemental withholding rates
Withholding requirements when an employee is in a state temporarily
Which states require the use of their own Withholding Allowance Certificate, which states allow either theirs or the Form W-4, and which states don't have a form
Reporting wages for multistate employees on Form W-2
Why you should attend?
Complying with the tax code and the tax withholding requirements for the IRS and one state is complicated enough. But for the multistate employer 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 more rules and regulations to comply with but you must multiple the penalties if you make a mistake as well. 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?
Who should attend?
*You may ask your Question directly to our expert during the Q&A session.
** You can buy On-Demand and view it at your convenience.
Vicki M. Lambert, CPP,
is President and Academic Director of The Payroll Advisor™, a firm
specializing in payroll education and training. The company offers a
payroll news service which keeps payroll professionals up-to-date on the
latest rules and regulations. With
over 35 years of hands-on experience in all facets of payroll functions
as well as over 20 years as a trainer and author, Ms. Lambert has
become the most sought-after and respected voice in the practice and
management of payroll issues. She has conducted open market training
seminars on payroll issues across the United States that have been
attended by executives and professionals from some of the most
prestigious firms in business today.
pioneer in electronic and online education, Ms. Lambert produces and
presents payroll related audio seminars, webinars and webcasts for
clients, APA chapters and business groups throughout the country. Ms.
Lambert is an adjunct faculty member at Brandman University in Southern
California and is the creator of and instructor for their Practical
Payroll Online program, which is approved for recertification hours by
the APA. She is also the Program Developer, Subject Matter Expert (SME),
and Facilitator for the Certificate in Payroll Practice and Management
Program offered by Cengage Learning / Ed2Go through hundreds of colleges
and universities across the country.