1099 Compliance: Avoid Fines, Heed New IRS Requirements, and Streamline Filing
IRS fines and penalties for 1099s come in many forms
1099-filing season can be stressful, especially with the IRS’ evolving requirements and hefty penalties for errors. Even one misstep—like missing a filing deadline or failing to coordinate with other departments—can result in costly fines.
Unfortunately, there are countless honest mistakes that could keep you up at night:
- Not meeting the filing deadline, which varies depending on the 1099 you’re filing
- Not keeping up with new items that need to be reported thanks to SECURE 2.0
- Not coordinating with other departments with tax-filing responsibilities to ensure you’re complying with the IRS’ new mandatory e-filing threshold.
In addition, the IRS has put a lot of money and effort into IRIS, the new, simplified e-filing platform. But it’s still a work in progress, with the IRS ironing out the kinks as it goes along. Do you stick with FIRE—the IRS’ proven e-filing platform—or leap over to IRIS?
How to avoid fines and penalties when filing Forms 1099
Join us on December 17 as payroll expert Alice Gilman, Esq., editor of Payroll Legal Alert, clearly defines the steps you can take to stay compliant and avoid those penalties. By the end of this expert-led session, you’ll be prepared to handle 1099 forms and all the complexities involved with ease.
Webinar Agenda
- The latest changes. Discover recent changes with 1099s, along with 8 airtight steps for completing 1099s that will keep the IRS off your back.
- Reporting requirements. Box-by-box reporting requirements for 1099-NEC and 1099-MISC, and when you may need to file both.
- E-filing credentials. What is an e-filing credential, how do you get one and what happens if you don’t?
- Filing 1099s. 3 crucial rules to determine if you need to file 1099 forms, and why you might need to give 1099s to employees, too—not just independent contractors.
- Taxpayer IDs. How to tell if a contractor’s Taxpayer ID Number is legit, and what to do if it’s not.
- Protect your company. The 6 crucial moves to activate the safe harbor for de minimis math errors.
- Leveraging available tools. Two free IRS services that should wipe out penalties for filing incorrect forms.
In this 75-minute online training, you’ll learn how to:
- Ensure compliance. Get started on your forms to ensure 100% compliance.
- Fill out the forms properly. Complete each form correctly with a box-by-box explanation.
- Stay on top of what’s changed. Comply with complicated e-filing rules to avoid huge IRS tax penalties.
Get answers to YOUR questions from presenter…
Alice Gilman, Esq., is an expert in payroll and tax compliance who has covered payroll issues for more than 35 years. She's written and edited several leading payroll publications, including Payroll Legal Alert, the Research Institute of America's Payroll Guide, the American Payroll Association's Basic Guide to Payroll and the Payroll Manager's Letter.
Registration bonuses included:
Everyone who signs up will receive a copy of Payroll Checklist, a step-by-step compliance guide detailing every deadline and action item required for every pay period, month, and calendar quarter of the year. Use the checklist as a guide to total payroll compliance for the rest of the year.
You'll also receive one month of exclusive access to Payroll Legal Alert – our comprehensive online resource with timely advice, helpful articles, forms, tables and charts that will help you improve every aspect of your payroll operation. So that you continue to benefit from Payroll Legal Alert, we will continue your subscription after that for the then current rate, unless you tell us "no, thanks" – your choice.
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Professional Recertification Credit Hours Included
Business Management Daily is recognized by SHRM to offer Professional Development Credits (PDC) for SHRM-CP® or SHRM-SCP® recertification activities.
This Program has been pre-approved for 1.25 HR (General) credit hours toward aPHR®, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®).