OVERVIEW
The IRS is actively targeting its enforcement measures on accounts payable operations. With the increase in penalties for non-compliance, it is more important than ever that 1099 Forms be prepared correctly, filed and furnished timely, and that filers perform due diligence procedures to avoid or mitigate penalties.
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.
AREAS COVERED
- Reminders & What’s New
- Changes to filing deadlines and affected returns
- New de minimus exception for money errors
- Increases in penalties for non-compliance
- Information Returns
- Overview of information returns
- Resources for compliance
- A walk through Form 1099-MISC
- Identification of reportable payments and payees
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
LEARNING OBJECTIVES
- Know when to furnish and file information returns under the new requirements
- Understand the new 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
For more detail please click on this below link:
Email: support@trainingdoyens.com
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
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