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Understanding IRS Form 1099-NEC and Form 1099-MISC

 

Better understand the requirements for correctly reporting the information on a Form 1099.

In recent years, the IRS has stepped up its compliance efforts in the area of information reporting and withholding, including Forms 1099 and backup withholding. The Service has greatly enhanced its technological capabilities, and more companies are now receiving automated notices and penalties for non-compliance. This topic will help U.S. withholding agents better understand the requirements for correctly reporting the information on a Form 1099. It will also address common mistakes and best practices to enhance operational efficiency and avoid penalties. This course will discuss the strategies and procedures for drafting a response in situations where the IRS has already issued a penalty notice.

Agenda

Faculty

Andrew McQuilkin

Andrew McQuilkin

KPMG LLP

  • Senior manager at KPMG Boston
  • Practice emphasizes all aspects of information reporting and withholding
  • Conducts regular seminars and workshops on numerous issues related to domestic and international information reporting and technology solutions for compliance
  • Member, Massachusetts Bar. Patent Attorney, U.S. Patent and Trademark Office
  • J.D. degree, Suffolk University School of Law; B.S. degree, University of Massachusetts Amherst
  • Can be contacted at 617-988-5857 or [email protected]

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