Essential Insights

1099s: Best Practices to Ensure IRS Compliance

Part of the Accounts Payable Series

Why does the Form 1099 give even the most experienced finance pros a headache? Simple - filing 1099s can be complicated and even one small mistake can be costly.

Unfortunately, of all the strict IRS requirements Accounts Payable strives to meet, accurate 1099s hit the top of the list.

How can you keep up and minimize errors, avoid penalties and ensure compliance?

Read 1099s: Best Practices to Ensure IRS Compliance

What's Inside?
1099s: Best Practices to Ensure IRS Compliance

1099 Best Practices in 30 minutes

  • How to determine who and what is "1099-able"
  • Find and fix errors before you cut a check or file a return
  • What to document? Ensure your records are up-to-snuff
  • "I got a B-Notice": Guidelines for what you must do now
  • Cut time off of year-end with best practices all year round

In This Concise Report

  • Backup withholding: When and how you must do it
  • The most common 1099 errors — and how to avoid them
  • 2-step process to get accurate and timely TINs
  • P-card payments: Handling these common and tricky transactions
  • Non-US vendors: How 1099s apply to different payees

Discover

  • 5 key federal tax deadlines you'll need to meet
  • Keys to protect yourself from excess IRS penalties
  • 1099s relatives: Related forms you may also have to file
  • The most common transactions you don't have to report
  • Complicated form 1099 questions answered

Get This Essential Insights & Much More …

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