The 1099 & W-9 Update – Complying with IRS Information Reporting

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Live Webinar | CEU Approved

  • 90 minutes
  • 56 Days Left
     Jan 14, 2020
  •   12:00 PM - 01:30 PM ET
    09:00 AM - 10:30 AM PT

For years the IRS has struggled with the independent contractor 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 the information reporting on taxpayers by payers – the1099. This time-consuming reporting obligation can be streamlined in a number of ways.

Learn the rules requiring W-9 documentation and 1099 reporting. You should ensure that your records will stand the scrutiny of an IRS 3rd Party Documentation and Reporting audit.  Avoid the onerous penalties for noncompliance and build the best defense against the 972-CGNotice of Proposed Penalty Letter.

Join us for a quick study of the new rules by expert speaker Miles Hutchinson, where he will establish the independent contractor relationship with the right documentation and help you to understand the rules and keep your company in compliance.

Session Highlights:

  • Starter Question: How can we best set up an independent contractor in our vendor payment system to ensure compliance with the IRS reporting rules?

  • Protocols for setting up new vendors (ICs)

  • When to require a Form W-9

  • How to test the accuracy of the W-9 information with the IRS’s records – for free!

  • Who and what you pay determines whether you must report (1099 reporting)

  • Forms to use to document your independent contractor as reportable or non-reportable

  • Required governmental reporting on ICs

  • Form 1099-Misc – guidelines for the proper use and classification of diverse payments on this form

  • Best practices for filing 1099s with the IRS –TIP: never file early!

  • The government wants to remove the exemptions –what this means to you

Why You Should Attend:

What are the rules regarding paying and IRS reporting on independent contractors?  How do I avoid the IRSCP-2100 (B-Notices)? What if my vendor claims exemption; must I obtain a W-9anyway?  What are the best practices? How can I minimize the risk of improper exemption claims by my vendors? Get the answers to these and related questions to reduce your risk of huge penalties from theIRS.

Who Should Attend:

  • Bank Managers

  • Compliance Officers

  • Information Reporting Officers

  • Tax Managers

  • CFO

  • Controllers

  • Accounting Managers

  • Auditors

  • IT Managers

  • Compliance Managers

  • Risk Managers

Advanced Preparation: None

Program Level: Intermediate

Prerequisites: None

Field of Study: Taxes

*You may ask your Question directly to our expert during the Q&A session.

** You can buy On-Demand and view it as per your convenience.

Miles  Hutchinson

Miles Hutchinson

Mr. Hutchinson is an accomplished businessman, business consultant and course leader specializing in finance, accounting and taxation. He excels at sharing these complex topics in a crystal clear manner. He is also proficient in sales & use taxation, payroll taxation, public speaking, problem solving, negotiating, time management, computer applications, technical documentation and facilitation.

As a Chartered Global Management Accountant, Miles has amassed a multi-disciplined approach to client consulting over the past 40 years. With increasing responsibilities in jobs ranging from independent financial auditor with PriceWaterhouseCoopers to Chief Financial Officer of a one billion-dollar real estate development company, Miles brings a seasoned, diverse and creative viewpoint to your situation and draws on that experience to bring you the best solution. He has facilitated customized public and onsite business consulting/training sessions and presented over 2500 presentations on a myriad of business topics. He has designed, developed, implemented and monitored complete business systems conversion and documentation projects. Miles will help you debunk the chaos and organize your thoughts and quickly gain clarity with your most difficult challenges.

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Number of CPE Credits Awarded for This Course: 1.5 (Taxes - 1.5)

Delivery Method: Group Internet Based

This webinar has been approved for 1.5 HR (General) re-certification credit hours toward California, GPHR, HRBP, HRMP, PHR, and SPHR recertification through the HR Certification Institute. The use of this seal is not an endorsement by the HR Certification Institute of the quality of the activity. It means that this activity has met the HR Certification Institute’s criteria to be pre-approved for re-certification credit.

Edupliance is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit

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