Course Description

With Form 1099 errors on the rise, you can’t afford to miss a correction. Form 1099 reporting mistakes can cost your company money and waste time, which also costs money. How can you make corrections to your Form 1099 and avoid costly fines from the IRS? Join us for this highly-informative course. 

In this course, industry expert and corporate tax attorney Steven D. Mercatante Esq. takes a look some of the more common problems experienced by accounts payable and tax departments related to documenting and validating payee information using the IRS Form W-9, 1099 filing mistakes to avoid, and offers solutions and best-practices for addressing 1099 corrections issues.

Learning Objectives

• Learn the differences between Form 1099 changes and corrections while learning about recent changes in the law – including the introduction of the new IRS Forms 1099-NEC and 1099-MISC
• Discover the keys to avoiding mistakes
• Identify strategies to remain IRS compliant when soliciting SSNs & TINs
• Understand 1099 compliance corrections do’s and don’ts
• Pinpoint how to avoid hefty fines that plague CPA’s, accounts payable, and tax departments

Prerequisites

• None