Total Credits: 2 including 2 Taxes - Technical
Join Marianne for this informative session discussing any recently enacted and proposed changes in this area, including the accelerated IRS filing deadline for Forms 1099-MISC reporting amounts as non-employee compensation. The IRS has also announced that review of Form 1099 reporting and backup withholding will become part of the standard employment tax audit process, and TIGTA has released a report focusing on payers' failures to backup withhold tax from Form 1099 reportable payments when required. Also you will learn the IRS's requirements for payments subject to 1099-MISC reporting and backup withholding, and documentation payors are required to request from payees; understand the role of the Form W-9, which has been modified to comport with the FATCA rules, how to complete it, and why you will have to obtain it from certain incorporated vendors whom you can no longer exempt from Form W-9 solicitation under the "eyeball" test rules; learn how to deal with the tricky and gray areas of Form 1099 reporting; and discover the basic differences between the tax reporting and withholding treatment afforded payments to U.S. v non U.S. persons. Please note that, while this webcast will touch on the FATCA requirements, a detailed discussion of the FATCA rules is beyond the scope of the webcast.
*To provide an overview of the tax information reporting landscape and documentation requirements
*Learn the role of the IRS’s new Form W-9
*Identify reportable payments
*Know when tax withholding is required on Form-1099-reportable payments
Important CPE Credit Information (0.06 MB) | Available after Purchase |
Handout/Slides (0.38 MB) | Available after Purchase |
Marianne Couch, JD, is a Principal in the Cokala tax group since its founding early in 2007 and is an experienced and well-known advisor on U.S. federal and state tax information reporting compliance. She is a frequent lecturer at major tax conferences and the author of The Master Guide to Form 1099 Compliance, The Master Guide to Form 1042-S Compliance, and numerous published articles. She is a founding partner of Cokala. Previously, she was for many years the Research Director of the tax reporting specialty firm Balance Consulting, and chaired special training and advisory services provided to large organizations and academic and nonprofit institutions. She also formerly served as the executive director of the National Association of Form 1099 Filers, Inc.
Marianne was an appointee for three years to the IRS Information Reporting Program Advisory Committee (IRPAC), where she was Chair of the IRPAC Subcommittee on Small Business and Self-Employed (SBSE) tax issues.
Marianne formerly served as a Research Attorney for the Michigan Court of Appeals, and earlier as a litigator for a large Michigan law firm, where she represented individuals and large clients in many types of civil actions.
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
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