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

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CEU Approved | Pre Recorded

  • 90 minutes

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 – 1099. 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-CG Notice 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:

  • Avoid the IRS CP-2100 (B-Notices)

  • Explain what to do if your vendor/payee claims exemption

  • Apply best practices for handling your information reporting obligations

  • Minimize the risk of improper exemption claims by your payees and vendors

  • Establish an independent contractor in your vendor payment system to ensure compliance with the IRS reporting rules

  • Identify protocols for setting up new payees and vendors

  • Recognize when to require a Form W-9 v. Form W-4 v. Form W-8

  • Test the accuracy of the W-9 information with the IRS’s records

  • List what factors determine whether you must report

  • Manage back-up withholding

  • Recognize when signatures are required on Form W-9

  • Identify the latest changes to the forms, deadlines, and penalties

  • Describe when you must electronically file your information returns

  • Set up electronic reporting to your payees

  • Classify diverse payments on Form 1099

  • Recognize how Merchant Card reporting on Form 1099-K affects your reporting on credit card payments

  • Explain how FATCA affects information reporting for U.S. taxpayers

  • Identify best practices for filing 1099s with the IRS

  • Describe what happens when the government wants to remove the exemptions

Why you should attend:

In this webinar, you’ll learn about the rules regarding paying and IRS reporting on Independent Contractors. You’ll learn about W-9 documentation and 1099 reporting, establishing the independent contractor relationship with the right documentation, and keeping your organization in compliance and out of trouble with the IRS.

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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Edupliance 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 submitted to the National Registry of CPE Sponsors through its website: more information regarding administrative policies such as complaint and refund, please contact our offices at 844- 810-1151. PLEASE NOTE: To receive credit through the NASBA for this program you MUST attend the Live program in its entirety and complete the required progress checks. 
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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