A relatively obscure provision in the recently passed healthcare legislation is set to create big administrative headaches for companies. Starting in 2012, companies will have to report all specie or merchandise payments greater than $600 on form 1099 to the IRS. This means getting the TIN from and identifying every vendor you do business with. As the rule stands, if you take clients out for dinner, you’re going to have to 1099 the restaurant. Critics contend that any additional tax revenue collected will be offset by the administrative burdens of compliance.

One thing is certain: changes to the way you report your purchases are coming and you must understand the impact of this new regulation to your firm. The Knowledge Group has assembled a panel of key thought leaders and experts to help you make sense of the new 1099 reporting requirements.

Join this live webcast by clicking the “Register” button below. Advanced registration is advised as space is limited. Significant discounts apply to early registrants.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Important 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 or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Recording Fee:$299 (Please click here for details)
NASBA Sponsor Number: 109004

Proposed Agenda (click here to view more) Jonathan E. Strouse, Partner, Chair, Tax Controversy and Tax Litigation Team, Holland & Knight LLP - Information Return Audits - IRS Notice 2010-51 (request for public comments) Steve Friedman , Director, Washington National Tax, KPMG LLP - Review of existing law - The new law and how it changes existing law - The recent increase in information reporting penalties - Proposals to modify the expansion to 1099-MISC reporting (to ease the burden) - The importance of obtaining valid TINs from vendors - Handling IRS penalty notices and B notices - The interplay with reporting under IRC section 6050W (new 1099-K reporting) William F. Becker, Jr.,CPA, MBA, Tax Partner, Cherry, Bekaert & Holland, L.L.P - Electronic filing requirements - Incorrect usage of 1099's and common errors - Independent contractors vs. employees - Reporting obligations to Non-U.S. individuals

** Important Notice: More speakers will be added to this event soon. Keep checking back for updates.

Who Should Attend?

- CPAs
- Finance Officers
- Controllers
- Consultants
- Tax preparers
- Legislative Attorneys
- Tax Directors
- Accountants or Attorneys practicing on Tax Advice and Controversy
- General Counsel
- Tax Advisors
- Federal Tax Litigation Attorneys

Why Attend?

This is a must attend event for all affected tax professionals to better understand the latest issues and updates on the new 1099 reporting.
- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

 

Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.

 

 

 

The New and Existing World of 1099-MISC and Related Issues Explored LIVE Webcast
Speaker Firms:

The Knowledge Group, LLC 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 Important 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 or you will not be able to obtain CLE credit. 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.

The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. "We bring together the world's leading authorities and industry participants through informative two-hour webinars to study the impact of changing regulations."

Copyright 2009-2010 The Knowledge Group LLC.  All Rights Reserved.  Privacy Policy.

 Upcoming events. Subscribe now.
 General Inquiries: info@knowledgecongress.org
 Registration Questions: register@knowledgecongress.org