1099 & W9 Update

For years, the IRS has struggled with independent contractors (ICs) and tax collection. Recently, they have re-evaluated ways to close the tax gap (taxes due but not reported or paid) and determined one of the greatest opportunities comes from expanding the information reporting on taxpayers by payors – the 1099. But, fortunately, this time consuming reporting obligations can be streamlined in a number of ways.

Join nationally known speaker and expert on 1099 and W-9 issues Miles Hutchinson, CGMA, for this practical 90-minutes CPE webinar that will provide participants with answers to the following questions:

• What are the rules regarding paying and IRS reporting on Independent Contractors? 

• How do you avoid the IRS CP-2100 (B-Notices)? 

• What if your vendor claims exemption; must you obtain a W-9 anyway? 

• What are the best practices? 

• How can you minimize risk of improper exemption claims by your vendors? 

Get the answers to these and related questions to reduce your risk of huge penalties from the IRS. 

Mr. Hutchinson will help you learn the rules requiring W-9 documentation and 1099 reporting as well as how to properly establish the independent contractor relationship with the right documentation. Plus, understand the rules and keep your company or clients' companies in compliance and ensure that your records will stand the scrutiny of an IRS Third-party Documentation and Reporting audit. You will also learn how to avoid the onerous penalties for noncompliance and build the best defense against the 972-CG Notice of Proposed Penalty Letter.

This course is essential for all professionals in industry or in public practice who are responsible for filing or overseeing compliance with IRS Form 1099, as well as those charged with gathering the necessary documentation for independent contractors to accompany Form W-9. The presentation time will include opportunities for you to ask questions to Mr. Hutchinson live.

Register for this webcast 1099 & W9 Update at a discounted price.