Now you can stay up-to-date on reporting requirements and ensure compliance with CCM’s Form 1099: Complete Reporting and Compliance Guidance audio conference series.

Each of the three 75-minute programs is guaranteed to 1) reduce your risk of errors, 2) ensure compliance with current regulations and reporting requirements, and 3) streamline your reporting procedures.

Session 1:

Form 1099 Reporting and Compliance

Form 1099 reporting continues to be AP’s most challenging and time-consuming processes. The complexities of recent tax acts, the demands of Sarbanes-Oxley, and the dual purpose of Form W-9 documentation have raised the stakes for tax information reporting — and the risk for errors!

Let CCM and IRSCompliance, Inc. take the guesswork out of 1099 reporting.  Find out how to decipher the complicated rules surrounding the year-end reporting process.  Discover how to sort and classify payments correctly, and in just 75 minutes, learn:

• Which payees are exempt from 1099 reporting
• How to identify reportable payments
• What types of payments are subject to 1099 reporting
• Practical tips for deciphering the information on the Form W-9
• The primary causes for name/TIN mismatches on your 1099 file, and how to avoid them
• Proper procedures for LLCs
• How to determine which type of payments are reportable on Form 1099-MISC
• How to identify foreign payees and the different rules that apply
• Proposed and upcoming changes to 1099 reporting including: deferred compensation, back-up withholdings, corporate exemptions and certified TINs
• And more…

Session 2:

IRS B-Notices: Accurate processing and Filing procedures

How do you a handle a B-Notice? Do you respond exactly how and when the IRS requires? If you don’t, you will lose the ability to have the penalty waived and you could face additional penalties and fines.

A B-Notice doesn’t have to be as complicated as you may think.  CCM and IRSCompliance can guide you through the process to ensure every B-Notice is filed accurately, every time.  From identifying the account(s) subject to the B-Notice to stopping back-up withholdings, you’ll find out how to comply with current regulations and, you’ll learn how to:

• Correctly handle, process, and file the B-Notice
• Determine which payees who appear on the notice need not be contacted
• Identify the deadlines for processing the notice
• Determine how many times within a three year period a payee has appeared on a notice
• React when a payee does not respond to your B-Notice solicitations
• Respond to an IRS 972CG Penalty Notice and avoid paying the penalties
• Use your B Notice processing procedures to get the IRS to waive the penalties
• Avoid getting a B-Notice or penalty notice in the future

Session 3:

advanced form 1099 reporting and compliance procedures

Have you updated your year-end reporting procedures based on the latest IRS regulations?  Do you know how to handle the more complex reporting situations you could encounter in your AP department, like:

• Why you need to file Form 945
• How to properly handle your foreign vendors
• Determining whether you’re making payments to an agent or middleman
• Requesting a refund or making a correction on an amount you’ve already withheld

Join CCM and IRSCompliance in this interactive audio conference to find out how to solve your most taxing Form 1099 reporting issues. Get specific procedures and actionable solutions to protect your organization from liability, and learn what to do if:

• Your payee assigns payment to another – who gets the 1099?
• You have a state reporting obligation;
• You have to report legal damages payments to claimants and their attorneys – more than one 1099 may be required for a single check or payment;
• A middleman is involved in the transaction – who’s responsible for sending the 1099?
• Your payee might be a foreign vendor;
• You have to make a payment from your AP department to your employee: Form 1099 or W-2?

FEATURED FACULTY:

Lynda Foertschbeck, EVP, IRSCompliance, Inc.

Lynda Foertschbeck, of IRSCompliance, Inc, has more than 25 years experience as a tax compliance professional in the development of compliance solutions of regulatory consulting services and tax software applications.  Prior to joining IRSCompliance Lynda served as Manager in the Tax Controversy Unit at Deloitte Tax, as Vice President and Compliance Product Manager at DISC, Incorporated (now CheckFree) and Director of Compliance Services for Moore, BCS.

Ms. Foertschbeck’ experience includes the development and enhancement of many proven tax software and service solutions for 1099, W2, 1042S processing and reporting to the IRS, SSA and state agencies.  This includes products from: 1099PRO, Convey, FASTTAX, ATSG Inc., MOORE BCS, and CheckFree.   Specific areas of contribution have included the direction and development of information reporting products and service lines, regulatory compliance support services and strategic business needs analysis.  

Doug Rogers, Director, IRSCompliance, Inc.

Doug Rogers, IRSCompliance, Inc, is a consultant on federal and state tax information reporting compliance and has supported a number of fortune 500 companies. He has been a lecturer at key tax conferences for a number of years and has had articles relating to tax risk published in both Worth Magazine and on CFO.COM.  Doug retired in 2006 from the IRS where he had served as the Program Director for Penalties & Interest under the stand-up of the new IRS. In that position he was responsible for providing the leadership, guidance, and direction with regards to all aspects of the Penalties & Interest Programs Service-wide. Doug is enrolled agent with the privilege of representing taxpayers, before the Internal Revenue Service without restrictions.