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Irsredflags transitionadvisors

IRS RED FLAGS & HOW TO AVOID THEM

Cost $15.00
Presentation Length 1.0 hour

Recorded DateNovember 1, 2018
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Who Should AttendCPA - small firm
CPA - medium firm
CPA - large firm
Enrolled Agent
Other
Series: Taxes, Enrolled Agents, Women in Accounting
Course Description

The World of 1099 reporting and the effects of recent law revisions and legislation imposed upon us continue to cause anxiety.
 
With the increase of penalties issued for incorrect TIN and Name matching and the likelihood of an audit with the IRS, DOL or both, the risks associated with non-compliance are greater than ever.
 
Be advised that in an attempt to decrease the "Tax Gap", the IRS intends to audit employers who issue both a 1099 and a W-2 to the same individual in the same calendar year.
 
 
Session Takeaways:
 


  • Know how to be 1099 compliant and avoid misclassification penalties.

  • Identify areas that may require improvement in order to eliminate/reduce potential financial risks for penalties, interest and/or liability for tax withholding on payments reported on Form 1099.

  • Be aware of the annual "IRS Dirty Dozen List" which now includes 1099 Fraud. 

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE

Marcia L. Miller, MBA, EA

Financial Horizons, Inc
President & Owner

(954) 389-9510

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Marcia L. Miller, MBA, EA is President and Owner of Financial Horizons, Inc. 

Marcia’s experience spans over four decades of Accounting, Tax and Management Consulting for a practice with emphasis on representing Small Business Owners in all aspects of Taxes, Employment & Labor Issues, Pensions, Estate Planning as well as Federal, State (Nationwide) and Foreign mandatory reporting.

As an author, webinar expert, and live speaker for various national companies & accounting organizations at their annual conferences, she has shared her expertise on a multitude of current business taxation and accounting topics.

As a recognized Thought Leader and Speaker in the World of Information Reporting and commonly referred to as the "1099 Queen", Marcia was appointed to, and successfully completed a three-year term, as a Committee Member, to the Internal Revenue Service's Information Reporting Program Advisory Committee (IRPAC). 

She received both her MBA and BBA from the University of Miami School of Business.

About Our Presenter

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Financial Horizons, Inc. is an expert tax and consulting practice based in Ponte Vedra, FL, assisting taxpayers with their individual & business tax preparation and planning requirements.