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IRS Form 1099: Reporting Requirements Your Need to Know

Summary

Live Webinar Recording

Recording Price: $199.00

(Includes Proprietary Materials)

The IRS has been busy this year and has made significant changes to 1099 reporting requirements. Our expert, Steve Mercatante, will provide you with critical guidance on the latest changes and best practices in collecting, validating and reporting data. Get the answers to your most pressing questions to ensure compliance and avoid huge penalties during this 60-minute webinar where you will discover:

  • How W-9/1099 & W-8/1042-S forms, instructions & filing deadlines have changed
  • 1099 preparation: How to achieve error-free, time-saving results
  • Best practices to avoid "B" notices and penalties for noncompliance
  • Critical strategies to solicit TINs & handle backup withholding

Program Highlights

  • Need-to-Know Form 1099 Year End Reporting Changes for 2016

    • Critical changes to W-9/1099, W-8/1042-S and more you need to know
    • New filing deadlines and extension request rule changes for 2016
    • How FATCA effects W-9 Forms & how to assure your documents are correct
    • Why the TIN Matching Program is a must use this year
    • Foolproof strategies to capture correct SSN, EIN and TIN for 1099s
  • Best Practices to Ensure Compliance with IRS Regulations

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

    • Avoid "B" notices: Tips for TIN verification & IRS e-verify
    • Latest info on mandatory withholding & capture of reportable payments
    • Keys for effectively informing payees of their roles & responsibilities
    • What to do with payments for both goods AND services
  • Live Question & Answer Session - Have your questions answered by the expert!

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


Prerequisites

  • None

Delivery Method

  • Group Internet Based

NASBA Field Of Study

  • Accounting - Finance

Program Level

  • Basic Knowledge Required