IRS Form 1099 Compliance Seminars Now Available From Thomson Reuters
2009年8月19日 - 3:00AM
PRニュース・ワイアー (英語)
Understand Changes for 2009 and Avoid Mishaps in Tax Reporting
Compliance CARROLLTON, Texas, Aug. 18 /PRNewswire-FirstCall/ -- The
Tax & Accounting business of Thomson Reuters is now offering a
series of seminars covering Form 1099 Tax Compliance to help
companies mitigate risk and avoid liability from 1099 reporting
challenges. "With U.S. tax regulations and audits on the rise, it's
critical that corporate tax professionals fully understand 1099
compliance procedures as well as the new regulations involving
credit cards, corporate exceptions, electronic filing, penalties
for errors, and the proposed tax withholding for vendor payments."
said Jon Buschman, vice president of ONESOURCE 1099 at the Tax
& Accounting business of Thomson Reuters. "These seminars are a
'must attend' for professionals seeking practical compliance
guidance and up-to-date knowledge of IRS requirements." The 1099
Tax Compliance Seminars are led by Marianne Couch, J.D., industry
renowned expert in federal and state tax information reporting. She
is a co-founder of Cokala, and was formerly Research director at
Balance Consulting and a member of the IRS Information Reporting
Program Advisory Committee (IRPAC). Couch is a frequent lecturer at
tax conferences and author of numerous published articles. This new
program from Thomson Reuters is offered in several major cities and
consists of three seminars in as many days. Participants can
register for one, two or all three seminars according to their
needs. Day 1: Form 1099 Tax Compliance for 2009 will cover: --
Payments made during 2009 that must be reported to the IRS on a
Form 1099; -- Specific categories of payees and payments that are
not reportable; -- Clues that should trigger doubt of the
documentation furnished by a payee on Form W-9; -- Identifying the
reportable payee in the case of sole proprietors, LLCs, or
middle-agents; -- Payment situations in which the company has a
backup withholding obligation; -- How to prepare IRS Forms 1099 for
2009 and file with the IRS; and -- Compliance with filing
requirements for Form 945 and reconciliation of withheld federal
tax. Day 2: Advanced Form 1099 Tax Compliance Workshop will provide
in-depth knowledge in: -- State and local requirements for tax
reporting as well as requirements to report new contractors and
withhold tax in some instances; -- How the 'disregarded entities'
concept works and how to track the owner of income through the
appropriate documentation; -- Reporting requirements for payments
made with company credit/debit cards; -- Identifying reportable
payments and participants for legal claims and settlements; --
Reporting obligations for Forms 1099-MISC, 1099-INT, 1099-S, and
1099-C; and -- Understanding the relationship among backup tax
withholding from payments, the B Notice process, and penalties for
errors in tax Form 1099. Day 3: Making Payments to Non-U.S. Persons
will cover these challenges: -- Determining which documentation to
obtain from foreign payees before paying them; -- How to know if
the identifying documentation on a Form W-8 is sufficient; -- Which
types of payments are subject to Form 1042 tax rules; -- Knowing
when mandatory 30 percent withholding applies and when to withhold
at a different rate; and -- Dealing with tax deposit deadlines and
filing of year-end Forms 1042-S and 1042. Additional information
can be obtained by visiting
http://onesource.thomsonreuters.com/incometax/1099/. About Thomson
Reuters Thomson Reuters is the world's leading source of
intelligent information for businesses and professionals. We
combine industry expertise with innovative technology to deliver
critical information to leading decision makers in the financial,
legal, tax and accounting, scientific, healthcare and media
markets, powered by the world's most trusted news organization.
With headquarters in New York and major operations in London and
Eagan, Minnesota, Thomson Reuters employs more than 50,000 people
in more than 100 countries. Thomson Reuters shares are listed on
the New York Stock Exchange (NYSE:TRI); Toronto Stock Exchange
(TSX: TRI); London Stock Exchange (LSE:TRIL); and Nasdaq
(NASDAQ:TRIN). For more information, go to
http://www.thomsonreuters.com/. The Tax & Accounting business
of Thomson Reuters is the leading provider of technology and
information solutions, as well as integrated tax compliance
software and services to accounting, tax and corporate finance
professionals in accounting firms, corporations, law firms and
government. Tax & Accounting includes the Corporate Software
& Services, Professional Software & Services, and Research
& Guidance business groups. DATASOURCE: Thomson Reuters
CONTACT: Ruth Ann Baker (U.S.), Public Relations, +1-972-250-7438,
, or Joe Christinat (international), Public Relations,
+1-212-807-2198, , both of Thomson Reuters Web Site:
http://thomsonreuters.com/
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