Product Description

All AP professionals know that mastering the basics of Form 1099 reporting can be a daunting task—but did you hear? The basics are changing!

Did you know? BIG changes in 1099-MISC reporting were tucked into the Patient Protection and Affordable Care Act, signed into law March 23rd.

Did you know? For the first time, all for-profit corporations are going to be reportable payees requiring a 1099-MISC, AND payments for property (goods, merchandise, supplies, materials, etc.) are going to require reporting on the 1099-MISC.

Did you know? While these changes apply after December 31, 2011, you are going to have to change your procedures, systems, and budgets to comply with the new requirements—so best get started….now.

Join IOMA and Form 1099 compliance expert, Marianne Couch, Esq., for an intensive interactive webinar covering both the basics of compliance, AND, the big changes you must prepare for.

This up-to-the-minute presentation will walk you though the new reporting requirements and what they will mean for your organization. You’ll also come away with a firm understanding of the basics of what is reportable on Form 1099 today – to help you avoid penalty risk and improve tax compliance in your current vendor setup and payment procedures, including:

Why the Form W-9 is a best practice in today’s IRS audit environment
How to identify reportable payments
Whether to include reimbursed expenses on a 1099
How to determine when rent payments are reportable and when they aren’t rent at all
How to determine when you’re paying a royalty – on software, for example – versus simply purchasing a product
Box 3 (“Other Income”) versus box 7 (“Nonemployee compensation”)
Box 7 versus box 14 for payments to attorneys.
Mark your calendars to join us Friday, April 30th at 2PM ET and learn the rules and interpretations necessary to keep your vendor and payment records on track today – and implement the big changes ahead. Don’t forget to bring all your questions to the LIVE Q&A session following the presentation.

Register today for just $275—IOMA subscribers pay only $245. Unable to attend? Order the CD today!

FEATURED FACULTY

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. 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.