Audio Conferences

  July 16, 2008 at 02:00PM ET

It’s tough out there in the tax world, and AP is caught in the middle when the Form 1099 tax rules come up against the payment realities of purchasing cards (p-cards), credit cards, and debit cards.

On one side is the IRS, enforcing regulations for W-9s, 1099s, and backup tax withholding on certain service payments no matter how the payment was made, whether by check, EFT, cash, or credit card.

On the other side is the card processing system, where your card provider has vital information you may not have about the vendor.

What’s more the payment can be in the vendor’s hands before you even know a card was used.

What’s the best policy for the AP department to follow? Register today for this IOMA audio conference and learn the latest on these issues:

• How and why the Form 1099 tax rules apply to p-cards and company cards
• The two sets of tax rules for treatment of company cards vs. reimbursing employees for use of their cards
• Where things stand in the 5-year struggle of the IRS to make regulatory changes for 1099 reporting and backup tax withholding on payments processed through a card system
• How to screen out some 1099 reporting with TCC numbers and IRS Revenue Procedure 2004-43
• Real-world policies some AP departments are using to address these issues
• What to expect for year-end 2008 Form 1099 reporting of the payments your organization makes with p-cards, credit or debit cards.

Plus, get answers to your toughest questions in the live Q&A session following the discussion.

FEATURED FACULTY

Marianne Couch, Esq. COKALA Tax Information Reporting Solutions, LLC

Marianne Couch, JD, of the COKALA group, is an advisor on U.S. federal and state tax information reporting compliance. She is a frequent lecturer at major tax conferences and the author of numerous published articles. She served for many years as Research Director of Balance consulting, and chaired special training and advisory services provided to large organizations and academic and nonprofit institutions. She was previously the executive director of the National Association of Form 1099 Filers, Inc., and a member of the IRS Information Reporting Program Advisory Committee (IRPAC), where she served as Chair of the IRPAC Subcommittee on Small Business and Self-Employed (SBSE) tax issues. In this capacity, she testified annually before the IRS Commissioner on issues of concern to the information reporting community. Marianne has previously worked as a litigator for a large Michigan law firm, where she represented individuals and large clients in many types of civil actions, and formerly served as a Research Attorney for the Michigan Court of Appeals.