2018 - 1099 & W-9 Update - Complying with IRS Information Reporting Guidelines

By attending this webinar, participant will gain the following insights:
How can we best set up an independent contractor in our vendor payment system to ensure compliance with the IRS reporting rules?
Protocols for setting up new vendors (ICs).
When to require a Form W-9?
How to test the accuracy of the W-9 information with the IRS’s records – for free!
Who and what you pay determines whether you must report (1099 reporting)
Forms to use to document your independent contractor as reportable or non-reportable.
Required governmental reporting on ICs.
Form 1099-Misc – guidelines for proper use and classification of diverse payments on this form.
Best practices for filing 1099s with the IRS
The government wants to remove the exemptions – what this mean