 Earns 1 CEU |
Presented by:
John Foertschbeck, CPA
Lynda Foertschbeck, IRSCompliance, Inc.
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Many organizations are comfortable with knowing what to report and withhold at the federal level, but fall short with regard to reporting and withholding requirements at the state level. Get an overview of specific issues you need to address at the state level, including reporting requirements, exceptions and limitations of the Combined Federal State Reporting Program (CFS), mandatory withholding requirements, backup withholding, non-state resident reporting and withholding, independent contractors, “deadbeat parents” and various other state-reporting and withholding issues.
Several states have withholding requirements on payments issued to out-of-state residents for services provided and backup withholding as well, to name a few. Withholding and deposits are strictly enforced and can lead to very costly penalties for compliance failures.
State requirements generally follow federal requirements. The impact of the impending requirement to report payments issued to corporations and the very significant proposed increases to the penalty assessments could significantly increase your exposure to federal and state requirements and penalties. Learn what requirements your organization needs to incorporate in the payment and withholding process, such as:
- Direct state filing requirements
- States with mandatory state withholding requirements
- Independent Contractor Reporting States
- IRS Combined Federal State Reporting Program (CFS)
- Penalty Programs
- Impact of HR 3408
- Requiring certification, withholding and reporting of payments issued to corporations
- Proposed increase of penalty thresholds up to 5 times the current thresholds
- Enforcement
- And much, much more!
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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 presenters:
John Foertschbeck, CPA, has more than 20 years experience in providing and managing tax compliance services and consulting related to tax reporting software and associated full services. He has been responsible for the management of consultation and implementation services of tax software for clients (Fortune 500) that present complex business models in the integration and conversion process. Specific experience includes providing service directly to clients for the purposes of managing and maintaining compliance with information reporting requirements for 1099, W-2, 1042-S payments to the IRS, SSA and state agencies. He was also responsible for researching all requirements regarding information reporting and ensuring that the solutions provided were functioning in full compliance. John has a B.S. in Accounting from the University of Maryland.
Formerly, John was with the Tax Controversy Services Group for Deloitte Tax, LLP, managing services to U.S. and international companies for both 1099 and 1042-S regulatory reporting, certification and withholding.
Lynda Foertschbeck, Executive Vice President, IRSCompliance, Inc., has more than 25 years experience as a tax compliance professional in the development of compliance solutions of regulatory consulting services and tax software applications. Prior to joining IRSCompliance Lynda served as Manager in the Tax Controversy Unit at Deloitte Tax, as Vice President and Compliance Product Manager at DISC, Incorporated (now CheckFree) and Director of Compliance Services for Moore, BCS.
Ms. Foertschbeck's experience includes the development and enhancement of many proven tax software and service solutions for 1099, W-2, 1042-S processing and reporting to the IRS, SSA and state agencies. This includes products from: 1099PRO, Convey, FASTTAX, ATSG Inc., MOORE BCS and CheckFree. Specific areas of contribution have included the direction and development of information reporting products and service lines, regulatory compliance support services and strategic business needs analysis.
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7 important benefits of purchasing this webinar:
- Affordable: You can train your entire staff for one low fee. Gather your team for maximum benefit.
- Easy: No special equipment needed.
- Convenient: No travel away from the office...minimal time away from normal duties.
- Continuing Education Credit: Attendees may receive 1 CEU.
- Top-notch instructor: Real-world experience and accomplishments.
- Our Pledge: Your satisfaction.
- Immediate Payback: You'll learn practical skills you can apply immediately to avoid penalties.
Continuing Education: This webinar on CD 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.
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