ncomplianceservices.com

What is the difference between an S Corp, C Corp, and an LLC?

rgaudet — Mon, 20 Feb 2012 08:24:02 +0000

An Easy Understanding of Entity Classification’s and 1099 Reporting Requirements

Find out the only time the IRS accepts an LLC Name on Line 1 of a W-9 Form.
Finally, an easy way to understand the reporting requirements of a “Disregarded Entity”
Learn the 7 differences between a C Corp and an S Corp
Identify if YOU are required to report to “S” Corps in 2011
You will also receive a “Quick Reference Cheat Sheet” for easy answers to questions related to entity classification and tax reporting
And much more..90 minutes packed full of information to save you hours of time

Length: 2 hours | Level: Basic | CPE Credits: 2 | Prerequisites: None

Schedule:

August 22, 2012 1:00pm – 3:00pm CST
December 4, 2012 1:00pm – 3:00pm CST

Registration Fee:$169

Please read: About our Webinars and Workshops

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1099/1042-S Year-End Reporting Online

rgaudet — Mon, 20 Feb 2012 03:49:31 +0000

The IRS knows in order to be in compliance multiple departments must understand their role in the process and provide the correct information to the accounting department. Then you MUST know what documentation you need and how to verify it is accurate and in order to prevent a Proposed Penalty Notice.

Any person in your company that has the authority to hire independent contractors, rent or lease real and tangible property need to get the facts on how their choice of suppliers can cause a big problem in an audit. Anyone that has authority to approve a payment must be up to date on Third Party Information reporting requirements.

Identify ESSENTIAL BUILDING BLOCKS of Information Reporting

Learn the most important decision in 1099/1042-S reporting and how to make it correctly every time.
Finally, an easy way to understand how an entities tax classification affects your 1099 Forms.
Implement a three step approach to insure you issue your form to the correct “beneficial owner” of the income.

Take Advantage of the MOST CURRENT INFORMATION to Insure you Fill in the Blanks Correctly

Determine what is reportable and what is not for your 1099 and 1042 Forms.
Identify the 3 boxes on the 1099-MISC Form the IRS looks at twice and why you should too.
Review the most important changes in 1099 and 1042 reporting for 2012.
Box 7 or 14? Find out exactly where to report attorney and settlement payments.
Eliminate penalties and prepare for the auditor with “Best Practices”.
Take home an “At A Glance” Chart of reportable payments and correct forms and boxes to file them in.- A Must Have Tool.

Implement a PROACTIVE APPROACH to State and Local Information Reporting Requirements

Learn the Ins and Outs of Nexus. Important Information You Need before completing a state registration form to avoid inviting an audit.
Identify the states with reporting requirements before they identify you.
IRS Combined Federal/State Filing- Is it for you? A look at the pros and cons.
Find out which states honor income tax treaties when you pay a non-resident alien.
Take home an “At a Glance” Chart of multi-state information reporting- A Must have tool.
Determine the MOST AGGRESSIVE AUDIT STATES and learn the INSIDE SECRET to keeping auditors away.

Take a look at the FUTURE OF INFORMATION REPORTING- Filing a 1042-S Form

Find out which W-8 Form you need to have and what documentation may be needed in an audit.
Learn the three questions which must be answered to correctly determine 1042-S reporting exposure.
Take the “Guess Work” out of the IRS definitions with an easy to understand mini-glossary for the 1042-S professional.
Identify the boxes which must always be completed when filing a 1042-S Form.
Learn what you need to do now to prepare for FATCA. Major changes are coming in 2013 and they will affect everyone.

Length: 7 hours | Level: Basic | CPE Credits: 8 | Prerequisites: None

Schedule:

September 17-18, 2012 1:00pm – 4:00pm CST
November 7-8, 2012 1:00pm – 4:00pm CST
November 19-20, 2012 1:00pm – 4:00pm CST
December 11-12, 2012 1:00pm – 4:00pm CST
December 18-19, 2012 1:00pm – 4:00pm CST

Registration Fee: $379

It is crucial that you understand not only the essentials but that you have a good working knowledge of:

Entity Classification
Payee Classification (U.S. vs Non-U.S.; independent contractor vs employee)
Payee Documentation (U.S. and Non-U.S. payees)
Identifying Reportable Transactions
Backup Withholding

We suggest you check out our E-Learning to ensure you have the knowledge to be prepared for year-end reporting.

Please read: About our Seminars

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Invoice Me!

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.

Understanding the Tax Gap

rgaudet — Mon, 20 Feb 2012 02:19:49 +0000

You’ve heard a lot about the Tax Gap from the IRS, financial news and from us. This webinar will explain what it is, how it’s calculated and how it impacts your information reporting requirements.

Understand what the Tax Gap is
Learn how the Tax Gap is calculated
Understand how the IRS views the Tax Gap
Understand how the Tax Gap affects your business.

The IRS has targeted information reporting as one of the top three enforcement issues for the 2012 budget year.

Length: 1 hour | Level: Basic | CPE Credits: 1 | Prerequisites: None

Schedule:

September 11, 2012 1:00pm – 2:00pm CST

Registration Fee: $99

Please read: About our Webinars

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Miscellaneous Employee Payments

rgaudet — Mon, 20 Feb 2012 02:13:05 +0000

Do you make non-payroll payments to your employees? Do you know how to properly report them?

Learn how to report non-payroll payments to employees
Understand when it is appropriate to issue 1099’s to employees
Learn how to report gifts to employees
Learn if there are differences in how you treat owners, directors or executives

Length: 1 hour | Level: Basic | CPE Credits: 1 | Prerequisites: None

Schedule:

August 7, 2012 3:00pm – 4:00pm CST
December 19, 2012 11:00am – 12:00pm CST

Registration Fee: $99

Please read: About our Webinars

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Identifying Reportable Payments

rgaudet — Mon, 20 Feb 2012 02:05:47 +0000

Understanding what you are paying is critical in determining whether it is reportable, what form to report on and what box to report in. Payment transactions are unique to specific industries and to each business. This webinar covers guidelines to help you identify what type of payment you are making and the proper forms for reporting those payments.

Classifying payment transactions
How to determine if a payment is reportable
Identify the correct form to report your payment
Understand what box to report in

Length: 2 hours | Level: Basic | CPE Credits: 2 | Prerequisites: None

Schedule:

December 20, 2012 1:00pm – 3:00pm CST

Registration Fee: $169

Please read: About our Webinars

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What is Third Party Information Reporting?

rgaudet — Mon, 20 Feb 2012 00:49:15 +0000

Third Party Information Reporting requirements affect all businesses. Regardless of size or industry you are required to report certain information to the IRS. Many companies make the decision not to report because they don’t understand the requirements, don’t have the staff or systems in place or simply don’t understand the implications. In this 1-hour webinar you will get answers to the most frequently asked questions. We will show you how to implement a step by step approach to success.

Issues addressed include:

What is Third Party Information Reporting?
What resources are available for me to learn more?
What happens if I don’t report?
As an employee can I get in trouble?
What do I have to report?
What forms do I use?

The IRS 2012 Budget Proposal includes $339 million in new enforcement initiatives. Information reporting is one of the top three enforcement issues they are focusing on. Are you prepared? The IRS is.

Length: 1 hour | Level: Basic | CPE Credits: 1 | Prerequisites: None

Schedule:

September 11, 2012 11:00am – 12:00pm CST

Registration Fee: $99

Please read: About our Webinars

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Backup Withholding

rgaudet — Sun, 19 Feb 2012 23:34:54 +0000

Should you be back-up withholding? Do you understand how the consequences of non-compliance affect your bottom line? Learn how to setup an audit proof system.

Learn the 4 types of backup withholding
Determine your deposit schedule
Learn a step by step process for withholding correctly
Is your computer system hindering your ability to do backup withholding?

Length: 1 hour | Level: Basic | CPE Credits: 1 | Prerequisites: None

Schedule:

March 19, 2012 1:00pm-2:00pm CST
December 18, 2012 11:00am – 12:00pm CST

Registration Fee: $99

Please read: About our Webinars

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1099-DIV, INT

rgaudet — Sun, 19 Feb 2012 23:33:58 +0000

Understand the reporting requirements for Forms 1099-DIV and 1099-INT. Learn what’s reportable and best practices for proper reporting.

Find out what interest is excluded from reporting
Understand qualified dividends and how to report them
How to handle restricted stock

Length: 1 hour | Level: Basic | CPE Credits: 1 | Prerequisites: None

Schedule:

August 15, 2012 11:00am – 12:00pm CST

Registration Fee: $99

Please read: About our Webinars

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Classifying Payees: Employee versus Independent Contractor

rgaudet — Sun, 19 Feb 2012 23:33:49 +0000

Incorrectly classifying your workers may be one of the highest risks your organization can take. You can face significant fines with the IRS. The Department of Labor may come looking for any overtime not paid. You will be responsible for back employment taxes for the payee and the company. You will also pay for any benefits that were given to other employees but denied to the improperly classified contractor.

Is your contractor really an employee?
Is your company next on the IRS audit list?
Includes a checklist for using the Control test to determine compliance
Feb 1 2010 the IRS will be specifically targeting all industries for independent auditors.

Length: 1 hour | Level: Basic | CPE Credits: 1 | Prerequisites: None

Schedule:

November 1, 2012 3:00pm – 4:00pm CST

Registration Fee: $99

Please read: About our Webinars

Register and Pay Online:

1099-R and 5498

rgaudet — Sun, 19 Feb 2012 23:33:41 +0000

Understand the reporting requirements for Form 1099-R. Learn what’s reportable and best practices for proper reporting.

Do you understand deemed IRA’s.
How to handle direct roll-overs.
Box-by-box review of the 1099-R
Get a better understanding of distribution codes

Length: 1 hour | Level: Basic | CPE Credits: 1 | Prerequisites: None

Schedule:

August 15, 2012 3:00pm – 4:00pm CST