$1,199 – $1,499

Complete 1099, TIN Matching, B-Notice, FATCA and Nonresident Alien 1042-S

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Location

VTBA

Venue to be announced shortly

San Francisco, CA 94016

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Event description
This seminar will focus on addressing these issues and many more compliance and regulatory issues pertaining to IRS forms 1099 and 1042-S.

About this Event

Learning Objectives:

On completing this course, participants will:

  • Be well versed in the information reporting process
  • Understand the importance of obtaining forms W-9 or W-8 on all payees
  • Be able to reduce the amount of time and resources necessary to handle the company’s information reporting mandate
  • Be able to minimize the risk and effort involved in performing backup withholding
  • Improve the accuracy of their regulatory reporting process
  • Enhance the relationship between the company and clients/vendors, etc.
  • Be able to help reduce the company’s potential exposure to penalties for noncompliance with information reporting and withholding regulations
  • Have a clear action plan for implementing best practices for compliance

Who Will Benefit:

Individuals with regulatory or quality management systems responsibilities for making general improvements in their organization’s performance specifically related to regulatory compliance will find this course a must attend. This includes the following professionals:

  • Regulatory professionals
  • Information reporting officers
  • Certified payroll professionals
  • Compliance professionals
  • Tax professionals
  • Finance officers
  • CFOs
  • Controllers
  • Bank officers
  • Accounting managers
  • Accounts payable managers
  • Document control specialists
  • Human resources professionals
  • Record retention specialists
  • Legal Professionals
  • IT managers
  • Risk managers

Topic Background:

For years the IRS has struggled with independent contractors and tax collection. In assessing opportunities to close the tax gap (taxes due but not reported or paid), one of the greatest opportunities comes from expanding information reporting on taxpayers by payers – the 1099. Collecting the tax due from NRAs working in the US is a Tier 1 audit issue. This tax burden is minimized when companies making payments to NRAs for dependent and independent personal services properly withhold on these payments. This time consuming reporting obligation can be streamlined in a number of ways.

The IRS has placed the burden on businesses, non-profits and not-for-profits as well as all levels of government to report information about taxable payments they make to their account holders, vendors and customers. In order to more accurately match our information reporting to taxpayer’s tax returns they have introduced an ‘e-services’ portal to help us ensure the names and tax identification numbers provided to us by our payees match their records (TIN Matching System). When used properly, this system can reduce the risk of Warning Letters (CP-2100s/B-Notices) and penalty notices (972-CGs) from the IRS. Every year the IRS sends out millions of CP2100 Notices identifying incorrect names/TINS on 1099s. These letters have a very short deadline for responding.

Field of Study:

  • Auditing: 0.5 CPE Credit
  • Behavioral Ethics
  • Business Management & Organization
  • Communications: 0.5 CPE Credit
  • Personnel: 0.5 CPE Credit
  • Management Advisory Services
  • Specialized Knowledge and Applications
  • Tax: 13 CPE Credit

Program Delivery Method: Group-Live

Program Level: Basic

Advance Preparation/Program Prerequisites: None

Speaker:

Miles Hutchinson

CGMA, President of Sales Tax Advisors, Inc.

Miles Hutchinson is a CGMA, and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company. Miles is a professional speaker and consultant who has presented over 2,000 seminars and training sessions on a myriad of business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act. He is recognized as an expert in payroll and sales & use tax as well as financial modeling & analysis, business strategy and communications.

He is the author of several useful accounting and tax tools. His clients include Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army.

For Registration :

https://www.complianceonline.com/form-1099-and-1042-s-irs-guidelines-fatca-best-practices-seminar-training-80238SEM-prdsm?channel=referral_eventbrite

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Date and Time

Location

VTBA

Venue to be announced shortly

San Francisco, CA 94016

View Map

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