Learn about terms and definitions; Currency Transaction Reports (CTRs); Suspicious Activity Reports (SARs); important things to know including required identification, compliance program, recordkeeping requirements and penalties.
Learn about what IRS Tip Agreements are available to Native American casinos; the benefits of having a Tip Agreement; how to determine tip rates for various occupational categories; and how to set up an “actual” tip rate that captures all tips received by the employee.
Learn about employment tax end of year reporting due dates; why reconciliations are important; how to reconcile Form 941 (or Form 944) with Forms W-3 and W-2s; how to identify mismatches; mismatch examples.
Learn about Tribal General Welfare exclusion principles in Revenue Procedure 2014-35; safe harbors benefits provided by the guidance; procedural requirements for falling within the safe harbor; and specific benefits that are not compensation for services
Tribes should be aware of their reporting requirements of income taxes and business expenses. This webinar deals with tribes making payments to foreign entities; special rules for tribal council pay; how an employer should treat employee business expenses; and more.