IRS Forms 1099 and W-9: Legal and Regulatory Update and Compliance Best Practices
Duration: 90 minutes
Speaker: Miles Hutchinson
Webinar Description
Do you know the current rules and best practices for dealing with federal tax vendor information reporting (IRS Forms W-9 and 1099) and backup withholding? If not, you should attend a briefing on the current regulatory climate regarding vendor information reporting. Prepare your staff for the 2019 filing season. Improve your vendor set-up and maintenance practices. Reduce your risk of complaints from the IRS (CP-2100/"B" Notices). Receive your action plan for the 2019 filing season in just 90 minutes.
Experienced CGMA and businessman Miles Hutchinson will review the law and regulations regarding vendor information reporting. He will provide practical guidance in the areas that have become the subject of increasing IRS scrutiny.
Agenda
- Why is the IRS so focused on 1099s?
- What can your company do to minimize the compliance effort
- Quickly and accurately determine the reporting status of your vendors
- What the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy
- Overpayments Act of 2011 says about your 1099s
- Why you need a W-9 from vendors who are exempt from backup withholding
- How you should handle expense reimbursements made to independent contractors
- Line by line guidance on the proper posting of FDAP Income and completion of Form 1099-MISC
- When you should require W-9s to be signed under penalties of perjury
- What to do when your vendor claims they do not have to respond to your W-9 request
- How to properly execute an electronic W-9 program
- How to transmit payee copies of 1099s electronically
Who Will Benefit
This webinar will be invaluable for accountants, CFOs, Accounts Payable personnel, tax managers and attorneys.
Logistics
- 90-minute webinar (Travel-Free) delivered over the phone and Internet.
- Unlimited listeners per connection - bring the entire department.
- Q&A session with the expert.
This event will be presented live by phone together with a PowerPoint presentation to be viewed on your computer. Internet access is not required for phone-only participants. The PowerPoint slides will be provided shortly before the event. Once you register, you will receive an email which is your receipt and which includes your instructions for dialing in and logging on. You will also receive an email reminder 24 hours before the webinar.
What is a webinar?
A webinar is a live Internet based seminar. Webinars are a way for participants in many different locations to see and hear a presentation and view PowerPoint slides. You can also have your colleagues attend the webinar using one connection.
What kind of equipment do I need?
You will need a computer with an Internet connection (high speed service such as DSL or cable works best) and a telephone.You may listen to the webinar through your computer speakers, in which case you will not need to use a telephone connection. Internet access is not required for phone-only participants, but you will not be able to see the speaker’s slides.
How can I share the webinar with my colleagues who may not be able to attend the event?
CDs of each program will be available for sale and can be shared with your business associates.
Can I get a copy of the PowerPoint slides used in the webinar?
The PowerPoint slides will be available on the materials page link in the confirmation email that will be sent to you no later than the morning of the day a webinar is presented.
How do I ask a question during the webinar? Will my question be answered during the presentation?
A question and answer session will be scheduled at the end of each webinar. You can then ask a question by typing it into the question box that will be provided to you duringthe webinar. You may also ask a question through the telephone connection. As many questions as possible will be answered during the Question and Answer period.