1099 and W-9 Update - Complying with IRS Information Reporting 2015

Topics

• Protocols for setting up new vendors (ICs)
• Starter Question: How can we best set up an independent contractor in our vendor payment system to ensure compliance with the IRS reporting rules?
• How to test the accuracy of the W-9 information with the IRS`s records - for free!
• When to require a Form W-9
• Forms to use to document your independent contractor as reportable or non-reportable
• Who and what you pay determines whether you must report (1099 reporting)
• Form 1099-Misc - guidelines for proper use and classification of diverse payments on this form
• Required governmental reporting on ICs
• The government wants to remove the exemptions - what this means to you
• Best practices for filing 1099s with the IRS - TIP: never file early!

Who should Attend

• Controllers
• CFOs
• Tax Managers
• Accounting Managers
• IT Managers
• Accounts Payable Managers
• Compliance Managers