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Tuesday, December 10, 2019
1:00 PM - 2:30 PM
1:00 PM - 2:30 PM See all dates and Times
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OVERVIEW • What are the rules regarding paying and IRS information reporting on Independent Contractors? • How do I avoid the IRS CP-2100 (B-Notices)?
• What if my vendor claims exemption; must I obtain W-9 forms anyway?
• What are the IRS best practices? How can I minimize risk of improper exemption claims by my vendors?
Get the answers to these and related questions to reduce your risk of huge penalties from the IRS.
WHY SHOULD YOU ATTEND
For years the IRS has struggled with the independent contractor and tax collection issues. In assessing opportunities to close the tax gap (taxes due but not reported or paid), one of the greatest opportunities comes from expanding the information reporting on taxpayers by payers – the 1099 reporting.
This time IRS information reporting can be streamlined in a number of ways. Join us to learn more.
AREAS COVERED
• Starter Question: How can we best set up an independent contractor in our vendor payment system to ensure compliance with the IRS reporting rules?
• Protocols for setting up new vendors (ICs)
• When to require W-9 Forms
• How to test the accuracy of the W-9 information with the IRS’s records – for free!
LEARNING OBJECTIVES
Learn the rules for W-9 documentation and 1099 reporting. Learn how to establish the independent contractor relationship with the right documentation. Understand the rules and keep your company in compliance. Ensure that your records will stand the scrutiny of an IRS 3rd party documentation and reporting audit. Avoid the onerous penalties for noncompliance and build the best defense against the 972-CG Notice of Proposed Penalty Letter.
WHO WILL BENEFIT
• Bank Managers
• Compliance Officers
• Information Reporting Officers
• Tax Managers
• CFOs
• Controllers
• Accounting Managers
• Auditors
• IT Managers
• Compliance Managers
• Risk Managers
Use Promo Code XMSNY19 and get flat 20% discount on all purchases.
To Register (or) for more details please click on this below link:
http://bit.ly/2XtU0my
Email: [email protected]
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
• What if my vendor claims exemption; must I obtain W-9 forms anyway?
• What are the IRS best practices? How can I minimize risk of improper exemption claims by my vendors?
Get the answers to these and related questions to reduce your risk of huge penalties from the IRS.
WHY SHOULD YOU ATTEND
For years the IRS has struggled with the independent contractor and tax collection issues. In assessing opportunities to close the tax gap (taxes due but not reported or paid), one of the greatest opportunities comes from expanding the information reporting on taxpayers by payers – the 1099 reporting.
This time IRS information reporting can be streamlined in a number of ways. Join us to learn more.
AREAS COVERED
• Starter Question: How can we best set up an independent contractor in our vendor payment system to ensure compliance with the IRS reporting rules?
• Protocols for setting up new vendors (ICs)
• When to require W-9 Forms
• How to test the accuracy of the W-9 information with the IRS’s records – for free!
LEARNING OBJECTIVES
Learn the rules for W-9 documentation and 1099 reporting. Learn how to establish the independent contractor relationship with the right documentation. Understand the rules and keep your company in compliance. Ensure that your records will stand the scrutiny of an IRS 3rd party documentation and reporting audit. Avoid the onerous penalties for noncompliance and build the best defense against the 972-CG Notice of Proposed Penalty Letter.
WHO WILL BENEFIT
• Bank Managers
• Compliance Officers
• Information Reporting Officers
• Tax Managers
• CFOs
• Controllers
• Accounting Managers
• Auditors
• IT Managers
• Compliance Managers
• Risk Managers
Use Promo Code XMSNY19 and get flat 20% discount on all purchases.
To Register (or) for more details please click on this below link:
http://bit.ly/2XtU0my
Email: [email protected]
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
