Form 1099 reporting continues to be AP’s most challenging and time-consuming tasks.  Now you can stay up-to-date on reporting requirements and ensure compliance with one complete and convenient CD Box Set. 

CCM has combined three of our top-rated programs into one practical and invaluable reference tool.  The collection includes:  Form 1099: Identify What’s Reportable and Stay Compliant, Form 1099: Advanced Compliance Procedures and IRS B Notices: Ensure Accurate Filing Every Time. 

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

Program 1:

Form 1099: Identify What’s Reportable and Stay Compliant

In simple and straightforward language, you’ll learn how to decipher the complicated rules surrounding 1099 reporting requirements. You’ll also find out how to handle the more difficult situations you could encounter, and ensure your company stays compliant with current regulations.

The first program in the set specifically covers:

• Which payees are exempt from 1099 reporting
• 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

Program 2:

Form 1099: Advanced Compliance Procedures

This invaluable program was designed to help you handle the more complicated issues you could encounter with Form 1099, 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

You’ll get explanations of and solutions to the more complex reporting situations you encounter in your AP department, and you’ll specifically 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?

Program 3:

IRS B Notices: Ensure Accurate Filing Every Time

The third CD in the collection focuses on how to accurately file B Notices and ensure your company is compliant with current regulations.    

From identifying the account(s) subject to the B Notice to stopping back-up withholdings, CCM’s expert will show you how to handle the more complicated situations you could encounter.  Plus you’ll also learn how to:

• Correctly, handle, process, and file handle 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

FEATURED FACULTY:

Marianne Couch, Esq., COKALA Tax Information Reporting Solutions, LLC

Now, you can get AP’s most complete, and valuable reference tool for just $577.  That’s all three of our most popular programs for more than 25 percent off the regular price of $807.  You save $230!