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Compliance
The IOFM keeps members up to date on best practices for identifying and mitigating regulatory risks related to: 1099/1042s, W-9/W-8, Unclaimed Property, OFAC, Sales & Use Tax, Value Added Tax. The Institute shares peer-tested policies and procedures and supports AP practitioners in their role as the last line of defense against fraud and abuse.
IOFM Members also have asscess to 12 Live Compliance Webinars annually, helping avoid costly delays and fines.
Featured Content
Are You Being Audited by the IRS?
As we approach 1099 season, it's crucial to have a risk mitigation and communication plan in place to deal with an eventual audit. Learn the five things AP departments need to have nailed down — and the six things the IRS will ask for — if it initiates an audit.
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Some “what’s new” items relating to Form 1099 and Form 1042-S are well-known, such as the change to the dollar threshold, or the
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There is more than meets the eye when it comes to Form 1099 changes. Many professionals are aware of things like the draft of a new W-9, the change
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Q. We have an international vendor in India who operates as a sole proprietor and is attempting to complete Form W-8BEN-E. However, none of the… Read More
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