Form 1099 Compliance: How to Minimize Errors in 2017
OVERVIEW The IRS is actively targeting its enforcementmeasures on accounts payable operations. With the increase in penalties for non-compliance, it is more important than ever that 1099 Forms be prepared correctly, filed and furnished timely, and that filers perform due diligence procedures to avoid or mitigate penalties. This webinar will cover the latest updates for Form 1099-MISC, specific reporting requirements for various types of payments and payees, filing requirements, withholding requirements and reporting guidelines. It will cover important changes to the filing due dates and the new safe harbor requirements for de minimus dollar amount errors. It will also cover penalty provisions and exceptions to the penalties, due diligence procedures, exceptions to penalties including reasonable cause, common errors, and correction of errors. Form 1099 Compliance WHY SHOULD YOU ATTEND The changes in reporting requirements can be confusing and the IRS has recently made c...