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January 05, 2019
1:00PM - 3:00PM ET


January 09, 2019
11:00AM - 1:00PM ET


January 23, 2019
3:00PM - 5:00PM ET



Course Description

For years the IRS has struggled with the independent contractor and tax collection. In assessing opportunities to close the tax gap (taxes due but not reported or paid), one of the greatest opportunities comes from expanding the information reporting on taxpayers by payors--the 1099. This course will cover how this time-consuming reporting obligation can be streamlined in a number of ways. Other topics covered include when to require a Form W-9, protocols for setting up new vendors, and the government's desire to remove tax exemptions and what this would mean for you.


Course Specifics

Sep 21, 2017

Compliance Information

IRS Provider #: OMYXB
IRS Course ID: 0MYXB-T-01231-17-O
IRS Federal Tax Law Credits: 2
CTEC Provider #: 2071
CTEC Course ID: 2071-CE-1181
CTEC Federal Tax Law Credits: 2
Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify how to best set up an independent contractor in your vendor payment system to ensure compliance with the IRS reporting rules
  • Cite the protocols for setting up new vendors 
  • Identify when to require a Form W-9
  • Cite how to test the accuracy of the W-9 information with the IRS's records for free
  • Identify when you must report using a 1099
  • Cite the guidelines for proper use and classification of diverse payments on Form 1099-Misc
  • Identify best practices for filing 1099s with the IRS 

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