CPRS Live Online Class Access - September 2026 | Product

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 Certified Payment Reporting 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