Audio Conferences

  October 14, 2005 at 02:00PM ET

Have your Form 1099 year-end reporting procedures gone unchanged for years? Do your questions about procedures receive the same answer “it’s always been done that way?” Has your training focused on individual procedures without relating them to the big picture of real-life operations?

Frankly, it’s time you invested in some real training.

Form 1099 may appear simple enough on the surface—but don’t be deceived. The intricate rules of what must be reported, who must file and what amounts of money should be reported in which boxes can be confusing.

Get it wrong and your mistakes could cost you—penalties can reach as high as $250,000 or more. These penalties apply if you fail to file on time, fail to include all information required to be shown on a return, or if you include incorrect information on a return, or fail to file because you don’t recognize all the payments that are reportable.

Don’t let your organization take this risk. Join IOMA and Balance Consulting in this must-attend audio conference to learn who gets a Form 1099, and for which categories of payments. In just 90-minutes you’ll find out:

• Which two categories of payees never receive a Form 1099
• Who gets Form 1099-MISC for non-employee compensation besides freelancers and independent contractors
• What other year-end forms have been added to your reporting requirements in recent years
• Which regulation allows you to exclude payees from reporting even though you have no Form W-9, no Taxpayer Identification Number, and no additional documentation from them

FEATURED FACULTY:

Marianne Couch, Esq. Research Director, Balance Consulting, Inc.

Marianne Couch is Director of Research at Balance Consulting. She is a licensed attorney and an experienced presenter of tax information reporting educational programs. She has been a member of the faculty at the IAPP Annual Forum and IOMA Accounts Payable conferences. She is a member of IRPAC, the Information Reporting Program Advisory Committee to the Internal Revenue Commissioneer.