Author : | Steven D Mercatante, Tax Attorney, Author |
Course Length : | Pages: 27 ||| Review Questions: 12 ||| Final Exam Questions: 20 |
CPE Credits : | 4.0 |
IRS Credits : | 4 |
Price : | $35.95 |
Passing Score : | 70% |
Course Type: | NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents |
Primary Subject-Field Of Study: | Taxes - Taxes for Course Id 1679 |
Description : | Recent IRS budgets have devoted vastly greater resources to enforcement. Whether you are new or seeking an update this course will provide CPA’s, Accounts Payable, Payroll, and Tax professionals with plain English guidance to help minimize filing and compliance mistakes while breaking down the toughest IRS backup withholding, TIN verification, B-Notice, and Penalty Notice response situations so your organization and clients can better avoid IRS penalties. In this CPE course, industry expert and corporate tax attorney Steven D. Mercatante Esq. takes a look some of the more difficult problems experienced by CPA’s and accounts payable and tax departments while identifying key issues and best-practices for addressing them. |
Usage Rank : | 0 |
Release : | 2020 |
Version : | 1.0 |
Prerequisites : | None. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
Penalty Relief Due to Reasonable Cause
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Advance Preparation : | None. |
Delivery Method : | QAS Self Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 12-Aug-2020 |
NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Approved Audience : | NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents - 1679 |
Keywords : | Taxes, Avoiding, IRS, Filing, Compliance, Penalties, v10, cpe, cpa, online course |
Learning Objectives : |
Course Learning Objectives
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Course Contents : | Chapter 1 - Avoiding IRS Filing and Compliance Penalties Introduction The new Form 1099-NEC and Revamped Form 1099-MISC Filing Forms 1099 Correctly Starts With Getting the Form W-9 Right Make Sure To Use The W-9 to Solicit Payee TINs for 1099 Reporting Form W-9 Solicitation Tips to Ensure You Capture Form 1099 Payee Data Your Payee Refuses to Provide Their TIN on the W-9 – Here’s What To Do Validating the W-9: Watch Out for Corporations and LLC’s That May Be Form 1099 Reportable Watch Out for Payment Ostensibly Exempt From Form 1099 Filing Tips on Identifying Your 1099 Reportable Payee Validating Form W-9 Data and Evaluating Claims Your Payee is Exempt From 1099 Reporting Using the IRS TIN Match Program to Clean Up Your Files Prior to Form 1099 Reporting Three or More Parties Involved in the Potential 1099 Reportable Transaction: Be Careful Watch Out For Potential W-2 or 1099 Reportable Reimbursed Expenses Get Your Year Right When 1099 Reporting Backup Withholding and Reporting B-Notice Response Best Practices IRS Form 972-CG Proposed Penalty Notice Avoidance and Abatement Strategies Corrections Do’s and Don’ts to Minimize the Chances of Incurring 1099 Filing Penalties Glossary |