Due Diligence steps for Form 1099

Learn valuable insights and strategies from industry experts.

  • Expert-led Training
  • Industry Best Practices
  • Practical Implementation
  • Real-world Scenarios
Webinar Image
Date
30 April, 2019 (Tuesday)
Time
03:00 PM EST | 12:00 PM PST
Duration
90 Minutes Minutes

Overview

This webinar will cover the latest updates for Form 1099-MISC, specific reporting requirements for various types of payments and payees, filing requirements, withholding requirements, and reporting guidelines. It will cover important changes to the filing due dates and the new safe harbor requirements for de minimis dollar amount errors. It will also cover penalty provisions and exceptions to the penalties, due diligence procedures, exceptions to penalties including reasonable cause, common errors, and correction of errors.

Area Covered

  • Reminders & What’s New
  • Information Returns
  • A walk through Form 1099-MISC
  • Correcting errors
  • SSN, TIN, EIN
  • TIN Solicitation & “B” Notices
  • TIN verification
  • Backup withholding

Why Should You Attend

The changes in reporting requirements can be confusing and the IRS has recently made changes to reporting, error correction, and filing due date requirements. Accounts payable professionals, managers, and withholding agents need to be aware of the changes in order to avoid non-compliance and penalties.  For non-compliance, penalties have recently been increased. In order to stay compliant, practitioners must know which form to use to report specific transactions, when these forms must be filed or furnished to recipients in order to be on-time, what information should be included and how to make sure it is accurate, how and when to make corrections, how to avoid or mitigate errors, whether a particular payee is subject to backup withholding or transaction reporting, and the due diligence procedures that shield an issuer from penalties, even when the forms contain incorrect information.

Who Will Benefit?

  • CPA, EA, attorney, and staff
  • Accounts payable
  • Tax department
  • Human Resources
  • Construction managers
  • CFOs and controllers
  • Accounts payable and accounting managers
  • Accounts payable processing professionals
  • Employers and business owners
  • Purchasing managers and professionals
  • Public accountants

Speaker

Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on accounting and bookkeeping services, tax preparation and business advising to individuals with a business focus ranging from home-based businesses to multistate corporations and not-for-profits. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College

Upcoming Webinars

HR Compliance Bob Oberstein

Detecting Truth, Deception, and Lies while conducting an …

Speaker: Bob Oberstein

Duration: 90 Minutes Minutes

Date: 22 August, 2025 (Friday)

Enroll Now
HR Compliance Dr. Susan Strauss

Tattoos, hijabs, piercings, and pink hair: The challenges …

Speaker: Dr. Susan Strauss

Duration: 75 Minutes Minutes

Date: 22 August, 2025 (Friday)

Enroll Now
HR Compliance Don Phin

Emotional Intelligence: Mastering the Emotions of Great Leadership

Speaker: Don Phin

Duration: 60 Minutes Minutes

Date: 22 August, 2025 (Friday)

Enroll Now
Software Ritu Arora

Integrating AI Tools in Microsoft Office

Speaker: Ritu Arora

Duration: 60 Minutes Minutes

Date: 25 August, 2025 (Monday)

Enroll Now
View All Webinars