This two-day seminar has been developed for those who have already attended our Compliance Update and are ready to go into greater depth on Form 1099 issues. We will be able to address specific inquiries regarding problems you have encountered, as well as covering topics such as:

Determine the Task of Information Reporting

• Finally, an easy understanding of the W-9 form
• Review of four W-8’s and 8233
• How the sourcing of a service affects the taxability of the payment
• Important definitions you must know to remain compliant
• Apply the best practices for obtaining information
• Independent Contractor relationships and the IRS
• Reporting to U.S. Territories and Possessions
• How to work with problem vendors
• When to get an updated W-9
• Names and TINS: Getting it Right

In-depth Look at Reportable Payments

• Understand LLCs, and their filing implications
• Are fringe benefits taxable?
• Identify and reporting payments subject to Middleman Regulations
• Attorney Payments and Settlements
• Determine which medical payments are reportable
• Eliminate reporting challenges of P-cards

Communicating With the IRS

• A step by step approach for using the TIN Matching Program
• Learn the best practices for processing B-Notices
• When is a TIN considered incorrect?
• Understand the IRS matching process
• How to respond to a Proposed Penalty Notice (972CG)
• An update on electronic filing
• Filing corrected returns
• Using the Taxpayer Advocate Service

Implement Your New System Efficiently

• How to gain management commitment
• Policies and Procedures- Why they are important?
• 5 Steps to ensure a successful audit
• How to manage your team effectively
• What’s new for 2010?

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

This is a 2 Day class.

Registration Fee: $499.00

Hotel information will be posted on the location page as venues are confirmed.


WE COMPLETED OUR 2009 LIVE CLASSES PLEASE SEE OUR ONLINE CLASS SCHEDULE.


Level: Intermediate
Prerequisite: Compliance Update
CPE Credits: 14 CPE

.

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.