The IRS is cracking down on 1099 filers and increasing audits to scrutinize if organizations are in compliance with 1099 reporting. Proposed legislation could increase penalties as much as five times the current rate, leaving your company exposed to significant cash outlays.
That's why this year proper reporting of your 1099s is more critical than ever. Don't wait for the IRS to come calling — insure that you are following best practices for federal reporting to protect your company from costly penalties and fines.
TAPN announces a new resource, the Guide to Information Reporting Tax Year 2009, that has answers to all your 1099 questions in one convenient location to help insure that your organization complies with IRS regulations. Developed by IRSCompliance, a highly regarded, full-service federal and state information processing services and consulting company, this manual will assist all business operations to quickly find answers to common questions regarding the filing requirements for each payment type, backup withholding requirements, forms and notices.
Click here to order the Guide to Information Reporting Tax Year 2009 and you will:
- Understand general reporting requirements for each type of payment and payee status type
- Learn options for federal reporting
- Take advantage of the IRS Combined Federal State Program (CFS)
- Find out about requirements for TIN solicitation, certification, penalty assessment and bulk TIN filing
- Discover mandatory federal withholding requirements
- Know what to do when you get a B-notice
- File your federal 1099 forms electronically
- Help your company avoid escalating fines and penalties
- And much, much more!
Failure to be aware of the requirements and fully comply exposes your organization to financial risk and can become very costly. To make matters worse, the IRS has significantly increased audits, has a renewed focus on the penalty process and is no longer accepting "blanket" abatement letters to absolve penalty assessment. In most cases the IRS now requires proof of compliance to support any claims for abatement and is expanding audits to closely review processes and procedures within organizations.
If you are not in compliance and the IRS audits you, it could cost you millions. Buy the Guide to Information Reporting Tax Year 2009 now and start protecting your company today.
Pricing
Members — $222.75
Non-members — $297.00
BEST DEAL
Buy both the Federal Guide to Information Reporting and the Guide to State Reporting to add to your resource library at very special pricing:
Members — $347.00
Non-members — $447.00
About IRSCompliance, Publisher of the Guide
IRSCompliance.org helps organizations comply with legislative changes and the increasing burden of federal and state regulatory requirements for business, with respect to 1098, 1099, 5498, 1042-S, W-2G, W-2, W-2C and Puerto Rico returns. They offer a full and complete line of regulatory services including:
- Premier 1099 Reporting Service
- Expert 1042-S Processing, Filing and Consulting Services
- PCard Processing and 1099 Reporting Service
- Regulatory Compliance Consulting
- TIN Matching Service
- Publications and Educational Events
- Audit Readiness
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Wednesday, Sep 8 2010
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