Are you new to Form 1099 reporting? This class, created specifically for beginners, will provide you with general information to get you started. Information reporting can be a complex subject, but there is essential information you need to know for proper compliance. We will tell you why 1099 reporting is important and what could happen to your company if it is not done. You will find out what types of payments are reportable on the 1099 series of forms, with the main focus on the most commonly used form, 1099-MISC.

• Learn the latest focus of the IRS “Tax Gap”
• Finally, find out what is reportable and what is not
• Understand how IRS penalties can add up quickly
• How to determine U.S. Persons
• Get your W-9’s back correct the first time- Use this three step approach
• A box by box review of the 1099-MISC
• Get the most up to date information on the “Corporate Exemption”
• Should you be doing backup withholding?  When and how to do it.
• Insider secrets on having a “successful” audit
• The purpose of a B Notice and how quickly you should process it
• Determine which B Notice applies
• Learn the “Two in Three” Rule
• How to Handle a Proposed Penalty Notice
• Why you must use the IRS TIN Matching System
• A step-by-step process for registering to use the IRS TIN Matching System
• Find out the difference between a correction and a revision-and when to make each
• Find out when you should call the IRS!!!

You will leave this seminar with a solid understanding of what third party information reporting is all about.

This is a 3-day class with a 2-hour online presentation on each day.

Registration Fee: $349.00 $299.00 through August 2010 Extended until September 17th

Scheduled Dates:

Level: Basic
Prerequisite: None. Recommend 1099 Primer Webinar, 1099 Basics Webinar.
CPE Credits: 7 CPE

Register and Pay Online:

Invoice Me!

Post Seminar Supportstrong>: 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.