Webinar Information


Using Form 1099-MISC Correctly


Using Form 1099-MISC Correctly, Aurora, Colorado, United States
Webinar Title
Using Form 1099-MISC Correctly
Event Type
Webinar
Webinar Date
01-08-2018
Last Date for Applying
01-08-2018
Location
Aurora, Colorado, United States

Publish / Maintain / Marketing / Hosted By
Organization Name / Organize By
Training Doyens
Organizing/Related Departments
Human Resource
Organization Type
Organization/Company
Webinar Category
Both (Technical & Non Technical)
Webinar Level
All (State/Province/Region, National & International)
Related Industries

Education/Teaching/Training/Development

Business Development

Finance

Administration/Management

Accounting/Financial/Banking/Insurance

Location
Aurora, Colorado, United States

OVERVIEW

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.

WHY SHOULD YOU ATTEND

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.

AREAS COVERED

  • Reminders & What’s New
    • Changes to filing deadlines and affected returns
    • De minimis exception for money errors
    • Increases in penalties for non-compliance
  • Information Returns
    • Overview of information returns
    • Resources for compliance
  • A walk through Form 1099-MISC
    • Identification of reportable payments and payees
  • Correcting Errors
    • Common 1099 errors – how to prevent them and how to correct them
  • SSN, TIN, EIN
    • Taxpayer identification number basics: Which number to use
    • Documentation that established reportable and non-reportable payees
  • TIN Solicitation & “B” Notices
    • Due diligence procedures avoid or mitigate penalties for missing or incorrect payee tax ID numbers
    • “B” notice procedures: When to issue and how to follow-up
  • TIN Verification
    • Using the IRS TIN verification system
  • Backup Withholding
    • What it is
    • When to start and when to stop
    • How to deposit and report
  • Penalties and problems
    • Procedures and policies that establish "reasonable cause" and avoid penalties

LEARNING OBJECTIVES

  • 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

WHO WILL BENEFIT

  • 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

For more detail please click on this below link:

https://bit.ly/2lL8NqV

Email: support@trainingdoyens.com

Toll Free: +1-888-300-8494

Tel: +1-720-996-1616

Fax: +1-888-909-1882

 

 

Others Details

Get the latest updates on Form 1099-MISC, including specific reporting requirements for various types of payments and payees, filing requirements, withholding requirements and reporting guidelines.

Registration Fees
Available
Registration Fees Details
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
Registration Ways
Email
Phone
Website
Other
Address/Venue
Training Doyens 26468 E Walker Dr, Aurora, Colorado 80016  Pin/Zip Code : 80016-6104
Landmark
CO
Official Email ID
support@trainingdoyens.com
Contact
Training Doyens

26468 E Walker Dr, Aurora, Colorado 80016

support@trainingdoyens.com

   +1-720-996-1616