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| Author : | Steven D Mercatante, Tax Attorney, Author |
| Course Length : | Pages: 33 ||| Review Questions: 11 ||| Final Exam Questions: 18 |
| CPE Credits : | 3.5 |
| IRS Credits : | 3 |
| Price : | $31.45 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents |
| Primary Subject-Field Of Study: | Taxes - Taxes for Course Id 1684 |
| Description : | With Form 1099 errors on the rise, you can’t afford to miss a correction. Form 1099 reporting mistakes cost your company money and waste time, which also costs money. How can you make corrections to your Form 1099 and avoid costly fines from the IRS? Join us for this highly-informative course. In this course, industry expert and corporate tax attorney Steven D. Mercatante Esq. takes a look some of the more common problems experienced by accounts payable and tax departments related to documenting and validating payee information using the IRS Form W-9, 1099 filing mistakes to avoid, and offers solutions and best-practices for addressing 1099 corrections issues. |
| Usage Rank : | 0 |
| Release : | 2020 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
General Instructions for Certain Information Returns (2019)
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 20-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 - 1684 |
| Keywords : | Taxes, Form, 1099, Corrections, Best, Practices, v10, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives
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| Course Contents : | Chapter 1 - Form 1099 Corrections Best Practices Introduction 1099 Data Collection and Validation Basics Using the IRS Form W-9 Watch out for EIN’s and Determining When You Need to Update Forms W-9 W-9 Red Flags For Non-U.S. Payees Why Use a W-9 to solicit TIN for 1099 Reporting? W-9 Solicitation Tips What Happens If Your Payee Refuses to Provide Their TIN on the W-9? W-9’s and the U.S. vs. Non-U.S. Debate Validating the W-9: Watch Out for Corporations and LLC’s The IRS TIN Match Program On the W-9 Your Payee Claims To Be An Exempt Organization: What To Do W-9 Record Retention Tips Three or More Parties Involved in the 1099-MISC Reportable Transaction Get Your Year Right When it Comes to Form 1099 Reporting The Form 1099-MISC: An Overview Form 1099-MISC Box One – Common 1099 Mistakes Form 1099-MISC Box 2 – Common 1099 Mistakes Form 1099-MISC box 3 – Common 1099 Mistakes Form MISC Box 4 – Common Mistakes Form 1099-MISC Box 6 – Common Mistakes What Used to Be Box 7 1099-MISC Mistakes Are Now Handled In Box 1 of the Form 1099-NEC Bottom Line Form 1099 Corrections Processing Tips Glossary |
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