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Form 1099 Updates for Year End Reporting: What You Need to Know

Summary

Live Webinar Recording

Recording Price: $199.00

(Includes Proprietary Materials)

The IRS is actively targeting its 1099 enforcement measures on the public sector, while reporting is more complex than ever. You can't risk fines; how can you make sure your agency is in compliance with the latest 1099 reporting regulations? Join us in this 60-minute webinar where you and your staff will learn:

  • 1099 government compliance checklist: What & how you need to report
  • From TIN management to 1099 issuance: How to get the process right
  • 1099-MISC reporting: Type of payments you can include
  • Effective 1099 correcting: What to do when your numbers are off

Program Highlights

  • Latest Government 1099 Reporting Regulations: Don't Be an IRS Target

    • 1099 reporting in the public sector: How & what to file
    • Withholding & capture of reportable payments: Compliance rules
    • Mistakes & omissions: Effective guidance to avoid liability & fines
    • What to do with payments good for both goods and services
  • Reporting, Changes & Deadlines: Keys to Minimize Liability

    • The 1099 process: From TIN management to 1099 issuance
    • How to determine who & what you need to report
    • 1099-MISC reporting: What type of payments can be included
    • Key issues for backup withholding: When to start and stop
  • Prevent Errors & Avoid Penalties: What Your Agency Needs to Do

    • B-Notice Penalty provisions: Keys to avoid fines & liability
    • Payment card rules for your agency: How 1099 reporting is affected
    • Reportable or non-reportable: Documenting independent contractors
    • How to establish "reasonable cause" and avoid penalties
  • Question and Answer Session - Have your Specific 1099 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 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

Join us for this comprehensive 60-minute webinar to discover the mandatory changes for 1099 reporting in the public sector and how to follow best practices, ensure compliance and avoid increased IRS fines.