Course type: Self-study course ($795) plus 6-hour Live, Online Class via WebEx ($100)
Registration fee: $895 per learner (Member discounts of 10%-20% apply. You are not required to be a Member to enroll.)
Designation Earned: Certified Payment Reporting Specialist (CPRS)
Designed for: The Payment Reporting Specialist (CPRS) Certification Program is designed for those whose responsibilities include accurate and IRS-compliant payment reporting.
The Payment Reporting Specialist Program covers accurate payment reporting, a critical function in AP. With ever-changing federal legislative and regulatory requirements, any organization that is not knowledgeable and prepared to comply with complex regulations could face significant penalty assessments, which could also be subject to public disclosure, and the onerous penalties associated with non-compliance. And the burden is on you and your organization – not the IRS – to see that you are educated about regulatory updates.
Key of study include: Tax Code Changes, Identifying Payees, Form 1099-MISC, Attorney and Middleman Fees, Expense Reimbursements, Penalty and B Notices, State Reporting, IRS Audits.
Learning objectives for 6-hour supplemental review webinar:
- Prepare for your Payment Reporting Specialist Certification Final Exam to earn your Accredited Payables Specialist credentials
- Learn how to mitigate risk of onerous penalties associated with noncompliance – improving the bottom line and increasing your value to the organization
- Address in detail the Form W-9 solicitation, backup withholding, tax deposit, and reporting requirements
- Review the B-Notice and Penalty Notice procedures
- Cover briefly Form 1042-S withholding and reporting requirements for payments to foreign vendors
- Receive answers to your questions live from our expert trainers
Live Review Instructor
Marianne Couch, JD - Principal, Cokala Tax Information Reporting Solutions, LLC
Marianne Couch, JD, is a Principal in the Cokala tax group and an experienced and well-known advisor on U.S. federal and state tax information reporting compliance. She is a frequent lecturer at major tax conferences and the author of The Master Guide to Form 1099 Compliance, The Master Guide to Form 1042-S Compliance and numerous published articles. Prior to co-founding Cokala in 2007, she was for many years the Research Director of the tax reporting specialty firm Balance Consulting, and chaired special training and advisory services provided to large organizations and academic and nonprofit institutions.
Marianne was an appointee for three years to the IRS Commissioner’s Information Reporting Program Advisory Committee (IRPAC), where she was Chair of the IRPAC Subcommittee on Small Business and Self-Employed (SBSE) tax issues.
Marianne formerly served as a Research Attorney for the Michigan Court of Appeals, and earlier as a litigator for a large Michigan law firm, where she represented individuals and large clients in many types of civil actions. She received her JD, cum laude, from the Michigan State University School of Law, and is a member of the State Bar of Michigan.