Knowledge is Power in 1099 Reporting  

• Learn the “Super Six” – 6 easy steps to ensure compliance and be prepared for an audit.
• Finally answer the question what’s reportable and what’s not with a 2 step approach.
• Identify the 3 areas of concern everyone must know to ensure compliance.
• An in-depth review of payments reportable on a 1099-MISC.
• The IRS has a new W-9 – Are you in compliance?
• Identify new 1099 forms and changes to current 1099 forms.
• Do you have to report Bad Debt, understand the relationship between the 1099-C and the 1099-A.

Utilize Proven Tools in Filing Forms    

• The In’s and Outs of TIN Matching.
• Find out why you want to take advantage of filing extensions.
• Should you be filing electronically?
• Step by Step process for delivering your 1099’s via the internet.
• Use “Cyber Technology” to save time and money.

Addressing Grey Areas: Most Frequently Asked Questions     

• Attorney/Settlement Payments
• Backup Withholding and the 945.
• Misclassification of Independent Contractors and your company’s exposure.
• Corrections
• Accountable Plans/Expense Reports
• Information filing penalties - Take home an increased reporting penalties “At a Glance” resource.

Implementing State Requirements – Before it’s too late…    

• An overview of your state reporting obligations.
• Are you required to file state returns?
• The uses and limitations of the Combined Federal/State Filing Program.

This class includes hands-on exercises and practical tips to help you learn best practices to ensure your organizations compliance.    

Level:Basic
Prerequisite: None.

CPE Credits: 7 CPE

Register and Pay Online:

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Post Seminar Support: As a seminar alumnus you receive 6 months tax question support following attendance. Get answers to your questions from our experts by emailing questions@ncomplianceservices.com.