The average cost of a Notice of Proposed Penalty is estimated at $150,000 including the penalty itself and the added costs for consultants, personnel, remediation of legacy records, etc. Compliance is far less expensive than the alternative.

  • Are you in compliance with the regulations surrounding data collection, backup withholding and information reporting?
  • How do you determine whether you can accept a W-9 from someone or if you must request a W-8 instead?
  • What if you send them a 1099 when you should have sent them a Form 1042-S?
  • How will you deal with an IRS demand for the backup withholding you failed to deduct from a Nonresident Alien’s (NRA’s) payments?

This two-day seminar, taking place in Dallas, Texas, will focus on addressing these issues and many more compliance and regulatory issues pertaining to IRS forms 1099 and 1042-S. It will also address compliance with Title 26, CFR 1402(b) & (c), employee v. independent contractor distinction, and 1441 (withholding of tax on nonresident aliens and foreign corporations) mandates.

After completing this course, participants will:

  • Be well versed in the information reporting process
  • Be able to reduce the amount of time and resources necessary to handle the company’s information reporting mandate
  • Improve the accuracy of their regulatory reporting process
  • Be able to help reduce the company’s potential exposure to penalties for noncompliance
  • And much more…

Speaker: Miles Hutchinson, CGMA, President of Sales Tax Advisors, Inc.
Location: Dallas, TX | September 7-8, 2017

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