2023 Essential Year-End Checklist for Successful 1099 Reporting | Product

Prepare for a successful Form 1099 filing season – fewer 1099 corrections – and less exposure to errors and IRS penalties – with the timely information you’ll receive in this presentation of the comprehensive Year-end Form 1099 Checklist covering these essential compliance tasks and updates: 

• Does your calendar of 1099 reporting tasks need to be updated? 
• Has your system captured all of the information required on 2023 Forms 1099? 
• Cutoff date for 2023 payments 
• Confirming that your system supports IRS changes for 2023 
• Checking for missing TINs that create risk of noncompliance and tax withholding 
• Correct 1099 reporting after merger or acquisition of business units 
• Due dates for recipient statements and IRS filing 

Learning objectives:

• Identify best practices for preparing and filing 2023 Forms 1099 
• Incorporate changes resulting from tax regulations and IRS form or instruction updates