How to Handle Multistate Employees Tax Withholding and Related Issues Correctly
SKU: 06-301-01-CPE
Credit Hours: 2
CPE Category: Taxes
CE Category: Federal Tax
Delivery Method: Online Video
Instructor: Vicki Lambert, CPP
Course Description:
This course discusses 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 course will cover the following Learning Objectives:
- Explore the various taxes required by different states including income tax, disability insurance, and the plethora of local taxes that may apply to wages paid.
- Discover how to determine state withholding liability.
- Recognize and contrast the difference between a resident and a nonresident of a state and how that affects state income tax withholding.
- Explore which states require the use of their own Withholding Allowance Certificate and which state allows either theirs or the Form W-4 to be used and which states do not have a form.
- Identify which states follow the Internal Revenue Code and which version.
- Explore the requirements for reporting wages for multistate employees on Form W-2.
- Identify the four factors that are used to determine state unemployment insurance liability.
- Identify the states that have reciprocal agreements and explore how those agreements affect taxation.