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      W-9s and 1099s in Middletown


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      August 21, 2019

      Wednesday   3:30 PM - 5:00 PM

      Ijona Services LLC, 364 E Main Street
      Middletown, Delaware 19709

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      EVENT DETAILS
      W-9s and 1099s

      Topic : W-9s and 1099s

      Overview

      The goal of this webinar is to provide you with tools to develop and W-9/1099 procedures manual so that your employees can exercise due diligence and not miss any company compliance issues. The IRS places the responsibility of collecting name and Taxpayer Identification Number upon the payer NOT the payee.For years the IRS has struggled with the independent contractor and tax collection. 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. This time consuming reporting obligation can be streamlined in a number of ways.

      Why should you attend this 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? Get the answers to these and related questions to reduce your risk of huge penalties from the IRS.
      Learn the rules requiring 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.

      Areas Covered in the Session:

      W-9 Procedures
      Overview of various Forms 1099
      IRS TIN Matching Program
      Compliance and Due Diligence Requirements
      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 a Form W-9
      How 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)
      Forms to use to document your independent contractor as reportable or non-reportable
      Required governmental reporting on ICs
      Form 1099-Misc - guidelines for proper use and classification of diverse payments on this form
      Best practices for filing 1099s with the IRS - TIP: never file early!
      The government wants to remove the exemptions - what this means to you

      Who can Benefit:

      Bank Managers
      Compliance Officers
      CPAs, EAs, Attorneys and staff
      Information Reporting Officers
      Tax Managers
      CFOs
      Controllers
      Accounting Managers
      Auditors
      IT Managers

      Speaker Profile :

      Miles Hutchinson is a keynote speaker of ComplianceKey. He is a CGMA and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company. Miles is a professional speaker and consultant who has presented over 2,700 seminars and training sessions on a myriad of business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act. He is recognized as an expert in payroll and sales & uses tax as well as financial modeling & analysis, business strategy and communications. He is the author of several useful accounting and tax tools available at www.soxpolicies.com and www.salestaxadvisors.com. His clients include Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army. Please visit his web sites to see how you can further benefit from his expertise.

      Register : https://www.compliancekey.us/webinarDetails?industryId=3&webinarid=1468&speakerid=248

      Contact Info :

      Compliance Key

      https://www.compliancekey.us

      Email : support@compliancekey.us

      Phone : +1 717-208-8666

      Cost: Payment required - 189.00

      Categories: Conferences & Tradeshows

      Event details may change at any time, always check with the event organizer when planning to attend this event or purchase tickets.