Critical Form 1099 and 1042-S Compliance Issues for 2022 | Institute of Finance & Management (IOFM) | 21 April 2022 | Webinar

What’s happening now in tax compliance for IRS Forms 1099 you file to report payments to U.S. individuals and entities, and IRS Form 1042-S you file to report payments of U.S.-source income to foreign individuals and entities? Your reporting of last year’s payments has wrapped up and this program gives you a prime opportunity to identify hot-button issues for 2022:

• Campaigns of IRS audit/examination.
• Implementation of new versions of Forms W-8 used for foreign payee status certification.
• Regulatory changes affecting all 1099 reporting.
• Impact of new Federal legislation.
• A new 1099 reporting requirement affecting governments and their agencies.

This fact-packed webcast will bring you up to date on important changes and outline procedures for avoidance of serious penalty exposure in these areas of federal tax compliance. Written compliance procedures for information reporting and withholding are essential to meet the demands of an IRS audit, and in day-to-day operations careful adherence to correct up-to-date procedures protects your organization against serious risk.

Learning Objectives:
• Inform your organization about new and anticipated changes affecting 1099 reporting, 1042-S reporting, and non-wage tax withholding.
• Identify the elements that should be included in written procedures for non-wage tax reporting and withholding.

2022 Speaker

Marianne Couch
Principal, Cokala Tax Information Reporting Solutions, LLC