Special Executive Report
1099s: Best Practices to Ensure IRS Compliance
Why does the Form 1099 give even the most experienced finance pros a headache? Simple -- filing 1099s can be complicated and even one small mistake can be costly. Not to mention that reporting is getting more attention as IRS beefs up enforcement and Congress plans even more requirements. How can you minimize errors, avoid penalties and ensure compliance?
| The Solution: | "1099s: Best Practices to Ensure IRS Compliance" |
1099 Best Practices in 30 minutes:
- How to determine who and what is "1099-able"
- Find and fix errors before you cut a check or file a return
- What to document? Ensure your records are up-to-snuff
- "I got a B-Notice": Guidelines for what you must do now
- Cut time off of year-end with everyday best practices
Jammed with up-to-date requirements, guidelines, and examples, this fast-read executive report gives you actionable tactics you can use today to handle the most difficult 1099 situations and ensure compliance.
In this concise report:
- Backup withholding: When and how you must do it
- The most common 1099 errors — and how to avoid them
- 2-step process to get accurate and timely TINs
- P-card payments: Handling these common and tricky transactions
- Non-US vendors: How 1099s apply to different payees
"1099s: Best Practices to Ensure IRS Compliance" is a clear and complete guide that walks you through every step in the 1099 process. You'll be able to effectively collect all the necessary information, minimize errors, and avoid IRS penalties.
Discover:
- 5 key federal tax deadlines you'll need to meet
- Keys to protect yourself from excess IRS penalties
- 1099s relatives: Related forms you may also have to file
- The most common transactions you don't have to report
- Complicated form 1099 questions answered