Former IRS National Director of Penalties and Interest will review pending legislation before Congress (which has strong support, and if passed, could significantly increase your company’s financial risk for penalties) and get you up to speed on how each initiative could impact your operations.

Earns 1 CEU

Presented by:
Doug Rogers, IRSCompliance

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Proposed legislation in the House of Representatives (HR3408, The Taxpayer Responsibility, Accountability and Consistency Act of 2009) will mean huge changes for 1099 filers. The proposal will require payments issued to corporations to be reported and subject to the same regulations as payments to individuals. It also seeks to increase the penalty for not filing by as much as 10 times the current rate. The maximum penalty for not filing information returns could jump from $250,000 for large corporations to $3 million. Small corporations would see the maximum penalty jump from $250,000 to $1 million. Additionally, the penalty for filing 1099s with incorrect Taxpayer Identification Numbers could go from $50 per return to $250. If passed, these changes could start as soon as Tax Year 2009-2010, so it is imperative that AP departments take notice to avoid staggering penalties.

Don’t wait for these changes to take effect. Protect your organization from devastating penalties (or worse) by ensuring your staff understands the importance of regulatory compliance.

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Prepare your entire team for the massive changes expected for 1099 filers — without ever leaving your desk! This 60-minute seminar on CD, presented by Doug Rogers, former IRS director, provides tips that will help you:

• Learn what is in the currently pending legislation and its impact on you
• Prepare for what actions will be required when, and if, this legislation becomes law
• Review other compliance initiatives that are in the current administration’s 2010 budget request
• Understand how each initiative could impact your operation; the following areas will be covered:
  • Corporate withholding
  • Increased penalties
  • Requirement to voluntarily withhold tax when payee requests
  • Requirement to certify each Payee TIN
  • Increased reporting for certain government payments

The IRS is cracking down on 1099 filers — it won’t be business as usual this 1099 season. Make sure you are prepared for what’s to come to avoid huge penalties that could reflect very poorly on your department!

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Pricing:
TAPN member CD- $149
Non-member CD- $199

Best offer: Order the entire 1099 Compliance Series on CD for only $499 for TAPN members or $699 for non-members — a savings of more than 50%!

(Please note that there will be a $6.95 charge for Shipping and Handling on CD orders.)

About our expert presenter:

Douglas Rogers is Director of Consulting Services for IRSCompliance Inc., a federal/state tax reporting firm and a market-leading provider of information-reporting services for Forms 1099, W-2 and 1042-S filers. Doug consults regularly with executives from a variety of fields to help identify potential non-compliance risk and to develop and ensure implementation of solutions. Prior to this position Doug was with the Internal Revenue Service where he held a number of positions. For the five years prior to his retirement he served as the National Director of Penalties and Interest.

Order this webinar on CD to prepare for expected legislative changes and to understand how they could adversely affect your organization’s bottom line.

Order today!

7 important benefits of purchasing this webinar:

1. Affordable: You can train your entire staff for one low fee. Gather your team for maximum benefit.
2. Easy: No special equipment needed.
3. Convenient: No travel away from the office...minimal time away from normal duties.
4. Continuing Education Credit: Attendees may receive 1 CEU.
5. Top-notch instructor: Real-world experience and accomplishments.
6. Our Pledge: Your satisfaction.
7. Immediate Payback: You'll learn practical skills you can apply immediately to avoid penalties.

Continuing Education: This webinar by The Accounts Payable Network qualifies for 1 CEU for the IOMA/TAPN Accounts Payable Certification Programs, and 1 CPE credit from NASBA.

The Accounts Payable Network is registered with the National Association of State Boards of Accounting (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses for CPE credits. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.