In this 2-hour complimentary webinar we will take a comprehensive walk through the best practices for complying with IRS Forms W-9, 1099-MISC and 1099-NEC reporting requirements for calendar year 2020.
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In this video we will discus how important it is to always get a W-9 form before paying your vendors. You will learn how this can help you avoid IRS backup withholding requirement, IRS error notices, B-notice processing, and IRS penalties/interest. This is a must video for anyone making payments to vendors or independent contractors!
Stop managing your W-9/1099 compliance process manually. Automate your entire IRS W-9/1099 process from requesting W-9 to filing 1099 forms. And reduce your risk of IRS penalties. We founded W9manager to do just that and give your team a significant amount of time back at year-end.
Learn how companies are required to tell the IRS about payments they make to their vendors and independent contractors. Understand what the IRS does with your payment information and how your return could be red-flagged if you don’t do things correctly. Avoid the consequences of not submitting a W-9.
Learn how to identify vendor payments that are not reportable on a 1099-MISC or 1099-NEC form. Learn when credit cards, nonprofits, government agencies, employee payments and payments for goods are not 1099 reportable.
Limited Liability Company regularly complete their W-9 forms incorrectly. The forget to select the type of LLC. They provide the wrong legal name or TIN number. And single-member LLCs are disregarded by the IRS and should always use the owners information. Learn how to spot these errors.