Webinar on Using Form 1099-MISC Correctly – Training Doyens

OVERVIEW

Accounts payable professionals, managers, and withholding agents need to be aware of the changes in Form 1099-MISC in order to avoid non-compliance and penalties. Patrick discusses specific reporting requirements for various types of payments and payees, filing requirements, withholding requirements and reporting guidelines with latest updates.

The webinar provides a clear and deep understanding about:

• Changes to filing deadlines and affected returns
• Common 1099 errors – how to prevent them and how to correct them
• Using the IRS TIN verification system

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

SPEAKER

 Patrick A. Haggerty is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice.

For more detail please click on this below link:

http://bit.ly/2K3LCBW

Email: [email protected]

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.