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Ref : 29470
Event :Form 1099- MISC Compliance, Due Diligence, Reporting Requirements - Latest Updates

Date :Wednesday May 01st, 2019

Location :Training Doyens 26468 E Walker Dr, Aurora, Colorado 80016
80016-6104 Aurora, United States

Type :Conference & Seminar - International audience

Accreditation :--


 

Further information

 

OVERVIEW

This webinar will cover the latest updates for Form 1099-MISC, specific reporting requirements for various types of payments and payees, filing requirements, withholding requirements and reporting guidelines.

It will cover filing due dates including the accelerated due dates for 1099-MISC Forms with an entry in box 7, and the safe harbor requirements for de minimis dollar amount errors. It will cover penalty provisions due diligence procedures, and exceptions to penalties including reasonable cause, common errors, and correction of errors.

WHY SHOULD YOU ATTEND

The changes in reporting requirements can be confusing and the IRS has recently made changes to reporting, error correction, and filing due date requirements. Accounts payable professionals, managers, and withholding agents need to be aware of the changes in order to avoid non-compliance and penalties. Penalties for non-compliance have recently been increased.

In order to stay compliant, practitioners must know which form to use to report specific transactions, when forms must be filed or furnished to recipients in order to be on-time, which information to include and how to make sure it is accurate, how and when to make corrections, how to avoid or mitigate errors, whether a particular payee is subject to backup withholding, or transaction reporting, and the due diligence procedures that shield an issuer from penalties even when the forms contain incorrect information.

AREAS COVERED

  • Reminders & What’s New
    • Changes to filing deadlines and affected returns
    • De minimis exception for money errors 
    • Increases in penalties for non-compliance 
  • Information Returns
  • Overview of information returns
  • Resources for compliance 
  • Identification of reportable payments and payees
  • Common 1099 errors – how to prevent them and how to correct them
  • Taxpayer identification number basics: Which number to use
  • Documentation that established reportable and non-reportable payees
  • Due diligence procedures avoid or mitigate penalties for missing or incorrect payee tax ID numbers
  • “B” notice procedures: When to issue and how to follow-up
  • Using the IRS TIN verification system
  • What it is 
  • When to start and when to stop 
  • How to deposit and report
  • Procedures and policies that establish "reasonable cause" and avoid penalties
  • A walk through Form 1099-MISC
  • Correcting Errors
  • SSN, TIN, EIN
  • TIN Solicitation & “B” Notices 
  • TIN Verification
  • Backup Withholding 
  • Penalties and problems 

LEARNING OBJECTIVES

  • Know when to furnish and file information returns under the new requirements
  • Understand the de minimus error rules
  • Identify reportable payments and payees. Know when a 1099 is required
  • Be aware of common 1099 errors: Know how to avoid them and how to correct them
  • Understand backup withholding: What it is; When to start and when to stop; How to deposit and report. 
  • Know the due diligence procedures to avoid penalties for missing or incorrect payee tax ID numbers
  • Understand the procedures for "B" notices: When to issue and how to follow-up
  • Know when the payment card rules apply and how 1099 reporting is affected
  • Understand how to document independent contractor as reportable or non-reportable
  • Know the procedures and policies that establish "reasonable cause" and avoid penalties

WHO WILL BENEFIT

  • CFOs and controllers
  • Accounts payable and accounting managers
  • Accounts payable processing professionals
  • Employers and Business owners
  • Purchasing managers and professionals 
  • Public accountants, CPAs and Enrolled Agents

 

Use Promo Code MKT10N and get flat 10% discount on all purchases

For more detail please click on this below link:

http://tinyurl.com/y65lge8b

Email: support@trainingdoyens.com

Toll Free: +1-888-300-8494

Tel: +1-720-996-1616

Fax: +1-888-909-1882

 

 

 

 


Location

Map and directions
Conference address :
Training Doyens 26468 E Walker Dr, Aurora, Colorado 80016
80016-6104 Aurora
United States
tel : 7209961616
Map and directions

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Form 1099- MISC Compliance, Due Diligence, Reporting Requirements - Latest Updates Pharmacy
1099 misc, 1099 misc form, 1099 tax form, form 1099 misc instructions, irs tax form 1099 misc
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