Are you new to Form 1099 reporting? This workshop, 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
• Get your W-9’s back correct the first time- Use this three step approach
• A box by box review of the 1099-MISC
• Should you be doing backup withholding?
• The purpose of a B Notice and how quickly you should process it
• Learn the “Two in Three” Rule
• How to Handle a Proposed Penalty Notice
• Why you must 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 complete this workshop with a solid understanding of what third party information reporting is all about.

This is 4-hour online workshop.

Registration Fee: $329

Schedule:

Level: Basic
Prerequisite: None.
CPE Credits: 4 CPE

Register and Pay Online:

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Post Seminar Support: As a seminar alumnus you receive 3 months tax question support following attendance. Get answers to your questions from our experts by emailing questions@ncomplianceservices.com.