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      Form 1099- MISC Compliance, Due Diligence, Reporting Requirements - Latest Updates in Aurora

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      May 1, 2019

      Wednesday   1:00 PM - 2:30 PM

      Training Doyens 26468 E Walker Dr,Aurora, Colorado
      Aurora, Colorado 80016

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      Form 1099- MISC Compliance, Due Diligence, Reporting Requirements - Latest Updates

      This webinar will cover the latest updates for Form 1099-MISC, specific reporting requirements for various types of payments and payees, filing requirements, withholding requirements and reporting guidelines.
      It will cover filing due dates including the accelerated due dates for 1099-MISC Forms with an entry in box 7, and the safe harbor requirements for de minimis dollar amount errors. It will cover penalty provisions due diligence procedures, and exceptions to penalties including reasonable cause, common errors, and correction of errors.
      The changes in reporting requirements can be confusing and the IRS has recently made changes to reporting, error correction, and filing due date requirements. Accounts payable professionals, managers, and withholding agents need to be aware of the changes in order to avoid non-compliance and penalties. Penalties for non-compliance have recently been increased.
      In order to stay compliant, practitioners must know which form to use to report specific transactions, when forms must be filed or furnished to recipients in order to be on-time, which information to include and how to make sure it is accurate, how and when to make corrections, how to avoid or mitigate errors, whether a particular payee is subject to backup withholding, or transaction reporting, and the due diligence procedures that shield an issuer from penalties even when the forms contain incorrect information.
      • Reminders & What’s New
      o Changes to filing deadlines and affected returns
      o De minimis exception for money errors
      o Increases in penalties for non-compliance
      • Information Returns
      o Overview of information returns
      o Resources for compliance
      • A walk through Form 1099-MISC
      o Identification of reportable payments and payees
      • Correcting Errors
      o Common 1099 errors – how to prevent them and how to correct them
      • SSN, TIN, EIN
      o Taxpayer identification number basics: Which number to use
      o Documentation that established reportable and non-reportable payees
      • TIN Solicitation & “B” Notices
      o Due diligence procedures avoid or mitigate penalties for missing or incorrect payee tax ID numbers
      o “B” notice procedures: When to issue and how to follow-up
      • TIN Verification
      o Using the IRS TIN verification system
      • Backup Withholding
      o What it is
      o When to start and when to stop
      o How to deposit and report
      • Penalties and problems
      o Procedures and policies that establish "reasonable cause" and avoid penalties
      • Know when to furnish and file information returns under the new requirements
      • Understand the de minimus error rules
      • Identify reportable payments and payees. Know when a 1099 is required
      • Be aware of common 1099 errors: Know how to avoid them and how to correct them
      • Understand backup withholding: What it is; When to start and when to stop; How to deposit and report.
      • Know the due diligence procedures to avoid penalties for missing or incorrect payee tax ID numbers
      • Understand the procedures for "B" notices: When to issue and how to follow-up
      • Know when the payment card rules apply and how 1099 reporting is affected
      • Understand how to document independent contractor as reportable or non-reportable
      • Know the procedures and policies that establish "reasonable cause" and avoid penalties
      • CFOs and controllers
      • Accounts payable and accounting managers
      • Accounts payable processing professionals
      • Employers and Business owners
      • Purchasing managers and professionals
      • Public accountants, CPAs and Enrolled Agents

      Use Promo Code MKT10N and get flat 10% discount on all purchases
      For more detail please click on this below link:
      Toll Free: +1-888-300-8494
      Tel: +1-720-996-1616
      Fax: +1-888-909-1882

      Cost: Payment required - Live Session for one participant $199 Corporate Live Session Group – Max 10 Participants from one location. $549 Recorded Session Get unlimited access to the link for six months $219 Training DVD or USB Flash Drive MP3 files, PDF presentation and reference manual will be delivered on a CD $399 Super Combo Offer 1 Live and Recorded webinar $329 Super Combo Offer 2 Live and Training CD $479

      Categories: Business & Networking

      Event details may change at any time, always check with the event organizer when planning to attend this event or purchase tickets.