Live Compliance Webinars

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.

Here's what our Members have to say: 

"Ms. Couch is awesome. So knowledgeable. Appreciate her passion for this stuff!"

"Marianne Couch always provides great information on both 1042 and 1099 reporting, and I learn something new each time." 

"The training was very well put-together. It covered a lot of material; however, it was presented in a clear and concise manner." 

Registration Information

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. 

Upcoming Compliance Webinars

New IRS Form 1099-NEC Tax Reporting: Major Changes to Implement in 2020

REGISTER NOW!  The IRS has moved tax information reporting of nonemployee compensation payments from box 7 of Form 1099-MISC to the new Form 1099-NEC beginning with payments made in 2020, on Forms 1099-NEC due to the IRS by January 31, 2021.  Payers need to review their procedures and systems to ensure compliance. (Members must log in to register.)

February 13, 2020 | 2pm-3:45pm EST | 2 CEUs

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Understanding the Changes in IRS Form 1099-MISC

REGISTER NOW! Over 50% of the IRS Form 1099-MISC tax information return has changed for 2020 reporting (due to the IRS in 2021).  In this eye-opening presentation we’ll walk through the new 2020 1099-MISC and discuss updates payer organizations are making internally to be prepared for 2020 year-end reporting. (Members must log in to register.)

March 12, 2020 | 2pm-3:45pm EST | 2 CEUs

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Form 1099 Reporting of Payments for Software and Digital Content

REGISTER NOW! Some of the most challenging types of payments to correctly analyze for IRS Form 1099 or 1042-S reporting compliance are payments for software, digital content, and transactions which occur “in the cloud” accessed electronically. This new webinar program will bring you up to date with the most recent official guidance. (Members must log in to register.)

April 16, 2020 | 2pm-3:45pm EST | 2 CEUs

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Form 1099 Tax Reporting of Legal Damages and Payment to Attorneys

REGISTER NOW! Do you have the necessary procedures and information to deal with the complicated issues in IRS Form 1099 reporting and tax withholding that surround payments to attorneys, and legal settlements payable to claimants or their attorneys? (Members must log in to register.)

May 21, 2020 | 2pm-3:45pm EST | 2 CEUs

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Tax treaties: How they Work and How to Apply them to Payments to Foreign Vendors

REGISTER NOW! Identify whether a foreign vendor or other foreign payee is entitled to claim a reduced rate of U.S. federal income tax withholding on certain payments under benefit of an income tax treaty between the United States and the foreign jurisdiction where the individual or entity claims tax residency. (Members must log in to register.)

June 18, 2020 | 2pm-3:45pm EST | 2 CEUs

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Tax Compliance for IRS B Notices and 1099 Penalty Notices

REGISTER NOW! The 2020 edition of this essential compliance training webinar provides updates on new, currently active IRS enforcement campaigns and current IRS administration of the B Notice and information return penalty programs. (Members must log in to register.)

September 10, 2020 | 2pm-3:45pm EST | 2 CEUs

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Form 1099 Year-End Changes for 2020 including NEW Form 1099-NEC

REGISTER NOW! This webinar will address changes to Form 1099 reporting for tax year 2020 – the first year when Accounts Payable is required to file both Form 1099-MISC and the new Form 1099-NEC. (Members must log in to register.)

September 24, 2020 | 2pm-3:45pm EST | 2 CEUs

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Form 1099 Tax Reporting of Misclassified Independent Contractor Payments and Fringe Benefits

REGISTER NOW! The compliance audit spotlight is on Accounts Payable, where risks include: workers were paid as independent contractors when they should have been paid as employees – or AP paid expenses for taxable benefits used by employees and the dollar value was not reported through Payroll on the employee's Forms W-2. (Members must log in to register.)

October 8, 2020 | 2pm-3:45pm EST | 2 CEUs

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Year-end Update for Form 1042-S Reporting of Payments to Foreign Vendors

REGISTER NOW! This webinar will address IRS changes to Form 1042-S reporting for tax year 2020. Has the form been modified?  Have boxes changed places or have codes been altered for type of income, exemption from tax withholding, or status? We’ll also review, box-by-box or section-by-section, the 2020 Form 1042-S and Form 1042.  (Members must log in to register.)

October 15, 2020 | 2pm-3:45pm EST | 2 CEUs

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Federal Tax Backup Withholding, Tax Deposit, and Year-end Form 945 Filing

REGISTER NOW! Join us for compliance training for nonwage withholding of federal income tax from the types of payments made by Accounts Payable. Risks include failures to withhold the tax when required, failures to make timely electronic federal tax deposits of nonwage withholding, and failures to timely file an accurate Form 945. (Members must log in to register.)

November 12, 2020 | 2pm-3:45pm EST | 2 CEUs

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Year-end Checklist for IRS Form 1099 Tax Compliance

REGISTER NOW! Pave the way for a successful Form 1099 filing season, fewer corrections and less exposure to errors and penalties, with the timely information you’ll learn as we present a updated comprehensive Year-end Checklist. (Members must log in to register.)

December 10, 2020 | 2pm-3:45pm EST | 2 CEUs

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Do you need assistance with your registration? Let us know at [email protected] or at 207-842-5557.

Our entire library of on-demand past compliance webinars are available to watch for free to all IOFM Members.