Due Diligence Steps for Form 1099.

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Category Banking;Accounts

Deadline: June 07, 2017 | Date: June 07, 2017

Venue/Country: 2754 80th Avenue, New Hyde Park, NY 11040, U.S.A

Updated: 2017-05-10 18:45:20 (GMT+9)

Call For Papers - CFP

The IRS thinks Forms 1099 are important. They asked and Congress agreed to increase the failure to timely file and the failure to file a correct Information Return penalties for Information Forms.

Form 1099 Due Diligence – Those steps you must take if you want to request abatement of IRS Form 1099 penalties due to reasonable cause. Exercising due diligence, due care in following procedures saves time and money.

Why Should You Attend

Develop Good Procedures for Solicitation of W-9 Forms

Develop Procedures for Review of Incoming W-9 Forms

Determine When to Return Incorrect or Incomplete W-9 Forms

Use IRS e-Services to Avoid TIN and Name Matching Problems

Guidelines for Instituting Backup Withholding tax Procedures

What to do When You Receive a Notice 2100/2100A

Areas Covered in this Webinar

Most Common 1099 Mistakes

Current Responsibility of Income Tax Preparer as Well as Payer

Compliance requirements of Payers

W-9, first step to accurate Forms 1099

Tips for Avoiding IRS B-Notices

Tips for Avoiding Increased IRS Penalties

Learning Objectives

Identifying Types of Payments Requiring 1099s

Identifying Types of Entities Who Should Receive a 1099

Developing Best Practices for Preparation of Forms 1099

Potential Penalties for Payer and Tips to Avoid Penalties

Who Will Benefit

CPA and Accounting Staff

Enrolled Agent and Staff

Attorney and Staff

Bookkeeping Service Companies

Corporate Accounts Payable Staff

Non-Profit Accounting Staff

Any Person or Department responsible for sending out Forms W-9 and Forms 1099

For more detail please click on this below link:

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