Form 1099 Best Practices: Start the Year with Strong Compliance for 2022 Filings and 2023 Anticipated Changes | Product

This timely training program for Form 1099 information return compliance will help you keep on track for compliance with the upcoming filings of 2022 Forms 1099 and procedures to build year-long compliance in 2023 with requirements to identify reportable payments, solicit tax ID numbers and backup withhold federal income tax when required. Webinar topics include:

• IRS filing due dates for each type of Form 1099
• Required or accepted methods of federal Form 1099 filing – including latest information on changes in IRS electronic filing
• Due dates for furnishing Form 1099 copies to payees
• Required or accepted methods of furnishing 1099 recipient copies
• How to claim or request extension of filing or furnishing due dates
• TIN solicitation requirements: initial, first annual, second annual
• Requirements to backup withhold tax from certain payments

Learning objectives:

• Correctly identify the IRS filing deadline for the types of Form 1099 information returns your organization files
• Correctly identify the deadline date for providing “Recipient” copies of 1099 forms
• Prepare the correct IRS form or official letter request for additional time to file to the IRS and/or furnish recipient copies.