CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Form W-9 & 1099 Regulatory Compliance Update

Form W-9 & 1099 Regulatory Compliance Update

2 Credits

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00301-20-S)

2 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0308)

2 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

2 PDC credit for SHRM Certified Professionals (Approval No. 21-RP424)

2 RCH credit for HRCI Certified Professionals (Approval No. 546628)

2 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-U-00301-20-S)

2 CE credit of Federal Tax Update for Oregon Tax Preparers (Approval No. GEHNZ-U-00301-20-S)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

Overview

  • IRS Tax Collection Issues
    3 mins
  • W-9 Guidelines
    10 mins
  • FATCA
    17 mins
  • Best Practices
    30 mins
  • Payees Exempt From B/U W/H
    46 mins
  • Use of IRS FAQs
    58 mins
  • Form 1099-MISC
    75 mins
  • Electronic Submissions to the IRS
    98 mins

Course Description

For years the IRS has struggled with the independent contractor and tax collection. And the situation has not changed very much. In assessing opportunities to close the tax gap – that is taxes due but not reported or paid - one of the greatest opportunities comes from expanding the information reporting on taxpayers by payers – the 1099. 

This online CPE webinar for CPAs key questions solved in the webinar:

  • What are the rules regarding paying and IRS reporting on Independent Contractors? 
  • How do I avoid the IRS CP-2100 (B-Notices)? 
  • What if my vendor claims exemption; must I obtain a W-9 anyway? 
  • What are the best practices? 
  • How can I minimize risk of improper exemption claims by my vendors? 
  • Other related questions to reduce your risk of huge penalties from the IRS.

This online CPE webinar for CPAs Key benefits from attending the webinar:

  • Identifying the rules requiring W-9 documentation and 1099 reporting
  • How to establish the independent contractor relationship with the right documentation
  • Understanding the rules and keep your company in compliance
  • Ensuring that your records will stand the scrutiny of an IRS 3rd Party Documentation and Reporting audit. 
  • Avoiding the onerous penalties for noncompliance
  • Building the best defense against the 972-CG Notice of Proposed Penalty Letter

This online CPE webinar for CPAs, the 1099 has become a time consuming reporting obligation and can be streamlined in a number of ways. Join this webinar to make it with ease.

Learning Objectives

  • To recognize the best set up an independent contractor in vendor payment system to ensure compliance with the IRS reporting rules
  • To identify the protocols for setting up new vendors (ICs)
  • When to file Form W-9
  • To recognize the best way to test the accuracy of the W-9 information with the IRS’s records – for free!
  • Who and what you pay determines whether you must report (1099 reporting)

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Auditors
  • Bank Managers
  • CFO/Controller
  • Compliance Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • HR Professionals
  • Human Resources Manager
  • Risk Managers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

4.3

(3)
67%
0%
33%
0%
0%