Using Form 1099-MISC Correctly

OVERVIEW This webinar will cover the latest updates for Form 1099-MISC, specific reporting requirements for various types of payments and payees, filing requirements, withholding requirements and reporting guidelines.
WHY SHOULD YOU ATTEND
The changes in reporting requirements can be confusing and the IRS has recently made changes to reporting, error correction, and filing due date requirements. Accounts payable professionals, managers, and withholding agents need to be aware of the changes in order to avoid non-compliance and penalties. Penalties for non-compliance
AREAS COVERED
• Reminders & What’s New
• Information Returns
• A walk through Form 1099-MISC
• Correcting Errors
• TIN Verification
• Backup Withholding
• Penalties and problems
LEARNING OBJECTIVES
• Know when to furnish and file information returns under the new requirements
• Understand the de minimus error rules
• Identify reportable payments and payees. Know when a 1099 is required
• Be aware of common 1099 errors: Know how to avoid them and how to correct them
• Understand backup withholding: What it is; When to start and when to stop; How to deposit and report.
• Know the due diligence procedures to avoid penalties for missing or incorrect payee tax ID numbers
WHO WILL BENEFIT
• CFOs and controllers
• Accounts payable and accounting managers
• Accounts payable processing professionals
• Employers and Business owners
• Purchasing managers and professionals
• Public accountants, CPAs and Enrolled Agents

For more detail please click on this below link:
https://bit.ly/2lL8NqV

Email: [email protected]
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882

Read More

View Less