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Correcting Form 1099: Keys to Keep Compliant & Avoid Penalties

Summary

Thursday

January 4, 2018 at 1:00 PM (ET)

Webinar Price: $199.00

* Includes Proprietary Materials

Register Now

February is your last chance to correct Forms 1099 before sending off to the IRS. With Form 1099 errors on the rise, you can't afford to miss a correction. Form 1099 reporting mistakes cost your company money and waste time, which also costs money. How can you make corrections to your Form 1099 and avoid costly fines from the IRS? Join us for this highly-informative, 60-minute program to discover:

  • Form 1099 changes vs. corrections: What you need to know
  • Keys to creating a Due Diligence plan to avoid mistakes
  • Keys to avoiding the most common Form 1099 mistakes & pitfalls
  • Strategies to remain IRS compliant when soliciting SSNs & TINs
  • Your compliance checklist: What your business is required to file
  • How to avoid hefty fines that plague accounts payable departments

Program Highlights

  • Manage the "Corrected Form 1099" Nightmare: Avoid Fines & Interest

    • How to spot and fix troublesome IRS Form 1099 errors
    • Key issues for backup withholding and Form 1099-MISC
    • How to ensure compliance with the latest IRS regulations
  • Prevent the Year-End Panic: Guidelines to Reduce Mistakes

    • Nonemployee compensation: Rents, other income and more
    • What to do if a payee refuses or forgets to provide a TIN
    • Common mistakes and how to effectively avoid them
  • Avoiding Potential Pitfalls & Costly Fines: Keys to Get Corrections Right

    • How to ensure that you promptly receive vendor info
    • Developing a due diligence plan for Forms W-9 & 1099
    • Paper vs. electronic filling: Guidelines for correction
    • Latest Form 1099 updates: Keys for year-end compliance
  • Live Q&A Session - Have your Form 1099 Corrections 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.
  • He is also 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.

Program Benefits

It's crucial for your organization to avoid IRS penalties that result from filing an incorrect Form 1099. In this jam-packed, 60-minute training program, you'll discover how to prevent, identify and correct errors, as well as filling error-free 1099s.


Prerequisites

  • None

Delivery Method

  • Group Internet Based

NASBA Field Of Study

  • Accounting - Finance

Program Level

  • Basic Knowledge Required