Form 1099 and 1042-S Essential Checklist and Updates for Accurate Reporting | Product

The annual Essential Checklist will help your organization to a successful Form 1099 filing season – smoother electronic filing – fewer corrections – and less exposure to errors that produce penalty assessments.  Join us for:

• Review of due dates for IRS filing and furnishing recipient statements 
• Review of electronic filing mandate for 1099s 
• Review of changes resulting from tax regulatory changes or IRS form changes
• Checklist: Has your system captured all of the information required for accurate 1099 reporting?
• Checklist: Determine whether your organization is fully prepared to electronically file of all your 1099, 1042-S and other forms 
• Checklist: Review for missing TINs; actions to take to avoid penalty exposure 
• Checklist: Has a merger, acquisition or change in business unit shifted responsibility for 1099 filing?
• Checklist: Will your organization need to request IRS extensions for filing or furnishing? 

Learning Objectives:

• Identify best practices for preparing and filing 2024 Forms 1099 
• Incorporate changes resulting from new tax regulations, other IRS guidance and instructions