F_1099

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Form 1099 compliance remains a challenge for many companies. A number of prominent firms are currently facing investigations for improper use of the form. The only way to prevent costly errors and IRS penalties is to ensure that your 1099 policies conform to the best practices. This Live Webcast will teach you how to ensure compliance with these best practices and how to head off potential problems for this year’s 1099s. The program will cover many critical issues in this area, including:

- Credit card transactions to merchants
- Cost basis reporting

As well as: why the Form W-9 has changed, and how your payees should complete it, when there is no need a Form W-9, how to avoid being held liable by the IRS for backup withholding, how to make sure the names and numbers your payees provided match the IRS’s files, how to identify reportable payments, what to do if you can’t tell whether a payee or payment is exempt from reporting, and whether you might also have state reporting obligations.

Changes to Form 1099 in 2009: Best Practices for Finance & Accounting Executives LIVE Webcast is a must attend event for accounting & finance departments of all companies.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 1.75 - 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.)
Advance Preparation: Print and review course materials
Course Code: 093863
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Changes to Form 1099 in 2009 live webcast:


  Event Talking Points (click here to view more)
SEGMENT 1:


Andrew Elvester, Senior Product Marketing Manager,
Convey

- Challenges around 1099 processing
- Year in 1099 processing
- Information around the new administration changes/Tax Gap
- How do these forth coming changes affect your organization?

SEGMENT 2:


Terrence Coppinger, Senior Manager,
Deloitte Tax LLP

- Form 1099B - § 6045 - Return of Brokers Broker Defined
- Broker Defined
- Substitute Payment
- Payments to Attorneys
- Exempt Recipients
- Cost Basis Reporting

SEGMENT 3:


Sara Turner, JD, CPA, EA, Tax Research Specialist,
National Association of Tax Professionals

- What is Form 1099-A?
- What is Form 1099-C?
- How are these two forms related?
- What is Form 982 and how is it used?
- Special Situations

SEGMENT 4:


Judith Akin, EA, Manager,
Judith A. Akin, EA Tax & Financial Services

1. What is a 1099-MISC and what does it mean?
- Tax form to report various types of payments to the recipient and taxing authorities

2. What type of payments are reported on a 1099-MISC?
- Research Subjects
- Rents
- Royalties
- Prizes
- Awards
- Legal Services
- Medical / Dental Services
- Guest Speakers / Lectures
- Honorariums
- Performers
- Non-employee compensation
- Other services

3. What is the difference between a Form W-2 and a Form 1099-MISC?
a. Form W-2 is used by employers to report wages, tips and other compensation paid to
    an employee.
b. Form 1099-MISC is used to report payments made in the course of a trade or business
    to another person or business who is not an employee.

4. When are 1099-MISC Forms distributed?
a. Due date February 15. of the year following the payment



Convey
Andrew Elvester
Senior Product Marketing Manager
speaker bio »»

Deloitte Tax LLP
Terrence Coppinger
Senior Manager
speaker bio »»

National Association of Tax Professionals
Sara Turner, JD, CPA, EA
Tax Research Specialist
speaker bio »»

Judith A. Akin, EA Tax & Financial Services
Judith Akin, EA
Manager
speaker bio »»

Who Should Attend?

- CPAs
- CFOs
- Controllers
- Consultants
- Finance Officers
- Internal Controllers
- Tax preparers
- Enrolled Agents
- Third-party administrators
- Tax consultants/managers

Why Attend?

This is a must attend event to anyone interested in ensuring Form 1099 compliance and finding out the best practices for affected entities
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    


** Discounts Apply for early registration

 

 

 

 

 

 

 


Changes to Form 1099 in 2009: Best Practices for Finance & Accounting Executives LIVE Webcast
Speaker Firms:





Judith A. Akin, EA Tax & Financial Services





 



Event Sponsor:



Convey Compliance Systems reduces both the costs and risks associated with handling 1099 reporting at the federal and state level. Clients depend on Convey’s innovation and expertise to assure tax compliance while handling the complexities of reporting and filing tax documents on behalf of customers, vendors and investors. Convey’s solutions combine over 20 years of expertise in 1099 reporting with configurable on-demand software and operational services, all designed to reduce costs, increase efficiency and mitigate risk.

Founded in 1986 and headquartered in Plymouth, Minn., Convey serves clients ranging from small businesses processing hundreds of forms to Fortune 500 companies. For more information, visit www.convey.com






Media Partner:








 

The Knowledge Conference is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org


 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

To Claim Your CLE Credits:

The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml



 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.