 Earns 1 CEU |
Presented by:
John Foertschbeck, IRSCompliance, Inc.
Lynda Foertschbeck, IRSCompliance, Inc.
Order today!
Perhaps the most utilized form in the IRS reporting program, completing 1099-MISC for certain payments can be a daunting task. And, if done incorrectly, organizations could face severe penalties and fines. Participate in this discussion on the reporting requirements for payments required to be reported on Form 1099-MISC.
Due to recent developments with new and proposed legislation, compliance with regulatory procedures, withholding and filing is crucial to your organization. HR Bill 3408 which is now in the House of Representatives proposes that the exclusion to not report on payments issued to corporations be eliminated and those payments deemed reportable, which will require compliance with TIN Certifications, Backup Withholding, and Information Returns.
Additionally HR 3408 proposes that the current Penalty Structure be raised up to five times or more the current levels beginning with Information Returns filed for tax year 2009. The corporate reporting proposal was actually passed several weeks ago by the house and is now in the Senate for approval. Change and enforcement are on a fast track with the IRS and with the initiatives for audits of all information reporting and withholding, organizations that are not knowledgeable and do not comply with current or new regulations can be at serious financial risk for penalties, interest and withholding.
If HR 3408 is passed, most organizations will see significant increases in documenting, certifying, backup withholding, reporting, B-Notices (CP2100) and most importantly the Penalty Assessment (IRS 972CG).
We will cover how the requirements impact payments issued through your company, best practices for documenting payees, tracking, withholding and reporting internal AP, Business product payments, card transactions and the challenges in obtaining Payee TIN and name information and related customer relations.
Order this session and you will learn the use of Form 1099-MISC for reporting:
- Rents, royalties, honorariums and executive compensation
- Settlements and attorney’s fees
- Service providers
- P-card and corporate card transactions
- Prizes and awards
- Other income
- And, much more!
Order today!
Pricing:
TAPN member CD- $149
Non-member D- $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.
Order today!
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.
Printer Friendly Page
