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Manual

IRS Form 1099 and Information Return Reporting: What You Need to Know

Develop better, more accurate reporting skills - keep your business audit-ready and in compliance.Payments to independent contractors save your business money, but increasing IRS scrutiny can put you at risk. Payments to foreign persons can also create issues. Fail to meet all information return filing requirements, and you may land in a hotbed of penalties. With a maze of IRS forms, and confusing and ever-changing IRS reporting guidelines, compliance can be a daunting task for any business. Attend this informative seminar and sharpen your Form 1099 and information return savvy. Develop better, more accurate reporting skills - keep your business audit-ready and in compliance. Determine a worker's status without hesitation - every time - and stay current and in the clear - and more.
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of Form 1099 Reporting
— William M. Gerhardt, J.D., LL.M. Taxation
  • Information Reporting Basics
  • Electronic vs. Paper Filing
  • Review of Form W-9 and TIN Matching
  • Correcting Reporting Errors
  • Tax Reform Update and Changes
Form 1042-S and Foreign Reporting Issues
— William M. Gerhardt, J.D., LL.M. Taxation
  • Form 1042-S
  • NRA Deposit Interest
  • Form W-8s and Withholding
  • ITIN Rules
  • Other Foreign Taxpayer Issues
Independent Contractor vs. Employee
— William M. Gerhardt, J.D., LL.M. Taxation
  • IRS Definition of an Independent Contractor and Employee
  • Characteristics of an Employee and Independent Contractor
  • Know Who You Are Hiring - Independent Contractor vs. Employee
Penalties
— William M. Gerhardt, J.D., LL.M. Taxation
  • Consequences of Treating an Employee as an Independent Contractor
  • Penalties for Misclassification and Impact on Employers
  • Relief Provisions - Voluntary Classification Settlement Program
  • Prep for IRS Audit
Review of Form 1099-MISC and Other Common Form 1099s
— William M. Gerhardt, J.D., LL.M. Taxation
  • In-Depth Look at Form 1099-MISC
  • Common Form 1099s
  • Reportable Payments and Related Instructions
  • Completing Forms Accurately
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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

William M. Gerhardt, J.D., LL.M. Taxation

William M. Gerhardt, J.D., LL.M. Taxation

RSM US LLP

  • Tax consultant for RSM US LLP in its San Antonio, TX office
  • Works with individual and entity taxpayers providing tax consulting and business advisory services in all facets of federal income taxation
  • Represents clients in tax controversy and dispute resolution cases before the IRS and the U.S. Tax Court
  • J.D. degree, St. Mary’s University School of Law; LL.M. degree in taxation, University of Florida College of Law; B.A. degree, Vanderbilt University
  • Can be contacted at 210-828-6281 or [email protected]
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 404540
Published 2018
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