Your shopping cart is empty!
Ensure Your Records Stands the Scrutiny of an IRS 3rd Party Documentation and Reporting Audit in 2018
For years the IRS has struggled with independent contractors and tax collection. In assessing opportunities to close the tax gap (taxes due but not reported or paid), one of the greatest opportunities comes from expanding the information reporting on taxpayers by payers – the 1099.
Numerous questions arise on the rules regarding paying and IRS reporting on independent contractors. How to avoid the IRS CP-2100 (B-Notices)? What if your vendor/payee claims exemption; must you obtain a W-9 anyway? Is there a way to streamline the reporting obligation?
Get answers to all this questions and more in this information-packed, 90-minute webinar by expert instructor Miles Hutchinson, CGMA. Learn about best practices for handling information reporting obligations and minimizing risk of improper exemption by payees and vendors.
Miles will teach you the rules requiring W-9 documentation and 1099 reporting for various types of Forms 1099 including interest, dividends, PATR, real estate transactions and the famous Form 1099-Misc. You’ll learn how to establish the independent contractor relationship with the right documentation and understand the rules and keep your company in compliance.
Attending this webinar will help you reduce your risk of huge penalties from the IRS and ensure your records stand the scrutiny of an IRS 3rd Party Documentation and Reporting audit. Additionally, you’ll be able to build the best defense against the 972-CG Notice of Proposed Penalty Letter.
Who Will Benefit:
Write a review