IRS Form 1099 Reporting Update: Includes new penalty rules effective from January 2016

Duration: 90 Minutes
With the ending of the year, the 1099 compliance reporting still requires us to be educated on the complicated revisions of expanding 1099 rules. There is much uncertainty as to what burdensome revisions we may expect next. Therefore, it is imperative to gain insight on the current laws concerning information reporting. The session will provide you the most recent information reporting regulations to assure that you and your clients remain compliant with proper policies and procedures and advise payers of their responsibilities.
Form 1099 Reporting
Instructor: Greta P. Hicks
Product ID: 501206
Objectives of the Presentation
  • You will be able to avoid increased penalties on 2016 forms 1099
  • You will be able to request abatement of penalties
  • You will know the changes in the various 1099 forms
  • You will be able to discuss IRS 2100/2100A and subsequent B-Notices to payees
  • You will be able to explain backup withholding requirements
Why Should you Attend
Keeping up with the changes in tax regulation every year can be challenging. With rumors regarding what will and won't change, it becomes even more difficult. Don't let these changes intimidate you, benefit from our 1099 training. As the end of this tax year approaches, make sure you understand all the guidelines, deadlines & forms that affect the IRS reporting requirements.

Areas Covered
  • The basics of 1099 reporting
    • Types of Payments requiring 1099s
    • IRS TIN Matching Program and Procedures to Correct inaccurate 1099s
    • Advantages of IRS e-services
  • Compliance issues
    • IRS solicitation requirements
    • IRS 2100/2100A and subsequent B-Notices to payees
    • IRS backup withholding requirements
    • 2016 increase in penalties for noncompliance
  • Updates and current hot topics in 1099 compliance
    • 2015 legislation effecting 2016 information reporting
    • Changes in Form 1099-MISC reporting
    • Form 1099-B requirements: broker basis reporting
    • Consumer/Debtor Alert: Form 1099-C - Cancelation of Debt (COD)
    • IRS merchant acquired reporting requirements: Code Section 6050W and Form
    • 1099-K
Who can Benefit
  • Accountants
  • CFOs
  • Controllers
  • Accounts payable professionals
  • Tax managers, tax preparers
  • Presidents, vice presidents
  • Bookkeepers and enrolled agents
  • Remote agents
  • Attorneys
$300
Recorded Session for one participant
Get life time access with download option!
Book this course
Pay Now
  $450.00 Training CD
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
  $550.00 Training USB Flash Drive
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
For multiple location please contact our customer care team +1-510-857-5896.
How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Greta P. Hicks is a former IRS Revenue Agent and Regional Training Coordinator. After a time as tax manager for Ernst & Young, Greta started her own business and for 34 years her CPA practice has been limited to representing persons who have IRS problems. She is the author of "IRS Examination and Appeals Procedures" on www.CCH.com as well as, pilot tester of on-line continuing education courses for Checkpoint Learning. Greta has authored a number of continuing education courses on IRS practice & procedures and articles are regularly published on professional as well as trade magazines. Ms Hicks has traveled the US and taught Tax Update Seminars as well as various Inside the IRS topics.

Greta has been active in the Texas Society of CPAs for 40 years and has served on the IRS Relations Committee, on the Editorial Board of the TSCPAs and was the Tax Editor of Today's CPA. Her activities for the Houston Chapter of CPAs included Coordinator of Houston's IRS/Practitioner Study Group, Relations with Taxing Entities Committee, Teaching Taxes Committee, plus the Spring EXPO and Tax EXPO Committees.
View More