Product Description

September 9, 2010 at 02:00 PM ET

Are you correctly identifying and capturing all the necessary data for all of your Form 1099 reportable payments?

Do you have procedures and systems to correctly apply both necessary tests for reportability – first as to the type of payee, and second as to the type of payment?

And – do you have the newest information about the big changes in 1099-MISC reporting: reporting corporations, goods and merchandise payments, and “gross proceeds”?

Take part in this webinar and learn:

• How to identify reportable payments
• What to do with a payment that’s for both goods and services
• Whether to include reimbursed expenses on a 1099
• How to determine when rent payments are reportable and when they aren’t rent at all
• Which royalty payments are reported in the “Royalty” box and which are reported elsewhere
• How to determine when you’re paying a royalty – on software, for example – versus simply purchasing a product
• What goes in box 3 as “Other Income”
• When a prize or award isn’t really a prize or award at all, but must be reported as compensation in Box 7 or on Form W-2

PLUS

• Changes you need to make in your systems and vendor records to be ready for the January 1, 2011, change in reportability of payments made with P-cards and other credit cards
• Changes you need to make in your systems and vendor records to be ready for the January 1, 2012, elimination of the “corporate exemption” and the new requirements to report payments for “property” (goods and merchandise) and “gross proceeds”

Take part in this lively webinar with well-known Form 1099 compliance advisor Marianne Couch and learn the rules and interpretations necessary to update your vendor and payment records now to capture ALL of the Form 1099 information you need for reporting to the IRS.

Plus, get answers to your questions in the Q&A session following the presentation.

Featured speaker:

Marianne Couch, JD
Principal, Cokala Tax Information Reporting Solutions, LLC

Marianne Couch, JD, of the Cokala Tax 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, and author of the Master Guide to Form 1099 Reporting. Prior to co-founded the Cokala firm in 2007, 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 formerly served as a Research Attorney for the Michigan Court of Appeals.

Your Webinar Registration Includes:

For additional lines at multiple locations, call our customer service department at 203-889-4977

CPE Through NASBA

Receive 1.5 CPE credits by attending the live Webinar! IOMA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

No prerequisite courses, advanced preparation or experience is required for admittance to this workshop. This intermediate level webinar qualifies for 1.5 CPE Credits, delivery method Group-Live. Recordings of the program do not qualify for CPE credits. For more information regarding administrative policies such as complaint and refund, please contact our offices at 203-889-4977.

AP Certification

Receive 1.5 CEUs toward APM, APS, or APD recertification! The Accounts Payable Certification Program is designed to establish standards for the profession and recognize accounts payable professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the accounts payable body of knowledge.

Cancellation Policy

To cancel your registration for this event, simply contact IOMA Subscriber Services at andrew.fitzpatrick@iofmonline.org (or call 203-889-4977) no later than 24 hours prior to the scheduled start of the event. You can choose to access the full recorded event, or, your credit may be applied toward the purchase of any IOMA product or interactive event.

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