Read this now
Third Party Sick Pay: How to Tax & Report
On-Demand Recording
Is the insurance company being used the employer’s agent? Who’s depositing the FICA taxes deducted from the employee’s payment, and who’s depositing the matching employer FICA taxes? Is the payment even subject to FICA taxes? We have the answers to these, and many more questions. Join our 60-minute event to learn:
- Proper taxation and reporting of third party sick pay
- What is and is not considered third party sick pay
- Which portions of sick pay are subject to tax withholding
- How taxation is affected by the status of the provider
- When it’s taxable and/or reportable and who handles it
The Ins & Outs of Third Party Sick Pay
- Defining and identifying third party sick pay
- When the third party isn’t the employer’s agent - and when are they
- How the status of the employer’s agent affects taxation and reporting
Third Party Taxation Requirements and Obligations
- When third party sick pay is taxable for income tax
- Understanding how third party sick pay is taxable for FICA and FUTA
- Conditions that make third party sick pay nontaxable
Reporting Do’s and Don’ts for Third Party Sick Pay
- Who reports payments for third party sick pay for Forms 941 and W-2?
- The latest on the new IRS Third Party Sick Pay form
- Taxation when the employee pays a portion of the premium
Live Question & Answer Session - Have your questions answered by the expert!
Program Benefits
We’ll give you the ins and outs of using third party sick pay and understanding the taxation and reporting requirements under the Internal Revenue Code.
Register Now
FOR ONLY $99
Receive all the valuable tools, guidance, and materials as if you attended live!
Get access to all of our workshops plus much more with a subscription to HRMorning Insider.
Get
Guaranteed to be Good
All training experiences include a 7-day 100% money-back guarantee.
HRCI CREDITS
This program has been approved for 1 (HR (General)) recertification credit hour toward aPHRTM, aPHRiTM, PHR®, PHRca®, SPHR®, GPHR®, PHRiTM and SPHRiTM recertification through the HR Certification Institute. Learn more at hrci.org
NASBA CREDITS
Credit Hours:
1Field of Study:
FinanceProgram Level:
Basic KnowledgePrerequisites:
NoneAdvance Prep:
NoneDelivery Method:
Group Internet BasedProgressive Business Conferences is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
SHRM CREDITS
HRMorning is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®. This program is valid for 1 PDCs for the SHRM-CP® or SHRM-SCP®. For more information about certification or recertification, please visit www.shrmcertification.org.
