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IRS Form 1099: Latest Reporting Requirements for Your 2014 Year End

Summary

Webinar Recording

Recording Price: $199.00

(Includes Proprietary Materials)

With 2014 coming to an end, 1099 reporting is more complex than ever and the IRS is actively targeting its enforcement measures on accounts payable operations. What can you do to assure your year-end reporting is up-to-date on the latest requirements issued by the IRS? Join us for a 60-minute webinar and discover:

  • 1099 Preparation: How to achieve error-free, time-saving results
  • Avoid penalty notices and increased costs for noncompliance
  • Critical strategies to solicit TINs & handle backup withholding
  • Identify the key changes in W-9/1099 and W-8/1042-S forms and instructions

Program Highlights

  • Need-to-Know Form 1099 Year End Reporting Updates for 2014

    • Latest changes to the most important forms and boxes in 1099 reporting
    • How FATCA effects W-9 Forms & how to assure your documents are correct
    • Why 2014 is the year you must use the IRS TIN Matching system
    • Foolproof strategies to capture correct SSN, EIN and TIN for 1099s
    • Identify the key changes in W-9/1099 and W-8/1042-S forms and instructions
  • Best Practices to Keep Compliant with IRS Regulations

    • Review sample transactions & determine correct forms & boxes for reporting
    • Protocols for setting up new vendors (ICs): Tips to stay compliant
    • Data collection & validation issues posed by the new Forms W-9 & W-8
  • Error-Free 1099 Reporting: Ways to Avoid Risks and Costly Penalties

    • How to document independent contractor as reportable or non-reportable
    • Avoid B Notices: Tips for TIN verification & IRS e-verify
    • Ways to advise payors of their responsibilities
    • Latest information on mandatory withholding & capture of reportable payments
    • What to do with payments good for both goods AND services
  • Live Question & Answer Session - Have Your Specific 1099 Questions Answered!

About The Speaker

Steven Mercatante is the principal and founder of TIR Consulting, LLC. He is a nationally recognized leader in tax reporting education and consulting on specialized compliance issues. He has conducted on-site consultation for corporate clients from across the world and led countless seminars and webinars for Convey Compliance Systems, IAPP, Balance Consulting, The Accounts Payable Network, and Accounts Payable Now and Tomorrow.

  • Mr. Mercatante is a published author, with numerous articles published on tax and financial law, and he has authored and published a series of tax guides on topics such as: W-9/1099 & W-8/1042-S compliance and reporting, payment cards, U.S. State & Local Reporting, worker compensation issues, international tax compliance, and more.
  • Prior to specializing in regulatory law Steven's legal experience concentrated on corporate and transactional matters, civil litigation, and probate and estate matters.

Program Benefits

This informative webinar will provide you with everything you need to know regarding your year-end Form 1099 filing requirements before submitting them to the IRS.