The IRS has stopped interpreting tax law over the phone. Where can you turn for reliable compliance updates?
Any person who has responsibility for 1099 and 1042-S reporting is required to be up-to-date on all current regulations. The penalties and risks associated with noncompliance are onerous, and the burden is on the organization—not the IRS—to see that staff is educated about regulatory updates. Ignorance of the law leaves an organization exposed to costly penalties and legal fees.
IOFM Members receive access to 12 annual live compliance webinars on critical, timely 1099 and 1042-S compliance topics. Live compliance webinars are FREE as part of our Business and Enterprise Membership plans and for $150 each for Professional Members. Registration for these live webinars is an exclusive benefit of IOFM Membership; there is no non-member rate available.
If you are an IOFM Member, you will need to log in to be able to register.