In this webinar, you’ll learn about the rules regarding paying and IRS reporting on Independent Contractors. You’ll learn about W-9 documentation and 1099 reporting, establishing the independent contractor relationship with the right documentation, and keeping your organization in compliance and out of trouble with the IRS. Upon completion of this course, you’ll be able to:
- Avoid the IRS CP-2100 (B-Notices)
- Explain what to do if your vendor/payee claims exemption
- Apply best practices for handling your information reporting obligations
- Minimize the risk of improper exemption claims by your payees and vendors
- Establish an independent contractor in your vendor payment system to ensure compliance with the IRS reporting rules
- Identify protocols for setting up new payees and vendors
- Recognize when to require a Form W-9 v. Form W-4 v. Form W-8
- Test the accuracy of the W-9 information with the IRS’s records
- List what factors determine whether you must report
- Manage back-up withholding
- Recognize when signatures are required on Form W-9
- Identify the latest changes to the forms, deadlines and penalties
- Describe when you must electronically file your information returns
- Set up electronic reporting to your payees
- Classify diverse payments on Form 1099
- Recognize how Merchant Card reporting on Form 1099-K affects your reporting on credit card payments
- Explain how FATCA affects information reporting for U.S. taxpayers
- Identify best practices for filing 1099s with the IRS
- Describe what happens when the government wants to remove the exemptions
Program Level: Beginner
Advanced Preparation: None
National Registry of CPE Sponsors: Clear Law Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
President, Learn Continuously, LLC
Miles Hutchinson is a CGMA and President of Learn Continuously, Inc, with over 40 years of practical business experience. He has served as an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a one-billion-dollar real estate development company. Mr. Hutchinson is a professional speaker and consultant who has presented over 2,500 seminars and training sessions on a myriad of business and financial topics, such as financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act. His clients include, Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army.
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Clear Law Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. For more information regarding administrative policies such as complaint and refund, please see the tab above on our Money-Back Guarantee or contact us at 703-372-0550.
CPE Credit - Maximum Credit Hours: Please see above. You must attend at least 50 minutes to obtain credit. Fields of Study: Please see above. Teaching Method: Lecture. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state’s regulatory board.
Clear Law Institute has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.
What is a webinar?
A webinar is simply a seminar that you attend online. You either watch a live video feed of the speaker or listen to the speaker through your computer, tablet or phone’s audio. You see the speaker’s slides, videos, and other presentation materials on your screen.
Can I ask questions during the webinar?
Yes. During the live webinar, you may submit questions and comments and the speaker will respond verbally. For a recorded webinar, your questions will be emailed to the speaker. You will typically receive a response from the speaker within two business days.
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Yes. You will be able to listen to any of our on-demand webinars on your computer, tablet, or smartphone.
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You can register for a live webinar up until the time the webinar begins.
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Do the webinars qualify for Continuing Education Credit?
Almost all of our webinars are approved for continuing education credit, including CLE (in all states), CCB, CPE, HRCI, IRS and SHRM credit. Unlike many providers, we don’t charge you any additional fee to process your credit. If you have specific questions, please call us at 703-372-0550 or contact us.
Can I still receive Continuing Education Credits if I view the webinar recording instead of the live presentation?
In most cases, the answer is yes. Recorded webinars are not eligible for CLE credit in the following states: AR, KS, MS, NE, and RI. In all other jurisdictions, recorded programs are eligible for credit. In addition, CPE credit is not available for recorded webinars. Please note that recorded webinars are only eligible for a certain period of time based on the jurisdiction. To ask about your specific type of Continuing Education Credit or the requirements in your jurisdiction, please call us at 703-372-0550 or contact us.
Will I receive a certificate of completion after the course?
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How do I determine my states’s CLE requirements.
Please find your state listed here with instructions for calculating the number of credits in your state.
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Your account is where you can find a list of all webinars you’ve registered for, download event materials, and download certificates after completing webinars. All of this information will be kept in your account so that you can easily track your webinar registrations and continuing education credits.
I completed a webinar, but it is still showing as incomplete in my account.
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Materials are available 24 hours prior to the live webinar. If it is past this time and you are unable to download the event materials, please call us at 703-372-0550 or contact us.
I downloaded my certificate of completion, but it doesn’t have my continuing education information listed on it.
You may need to update your continuing education profile. You can do this in your account under the My Profile tab. Once updated, this information will be automatically updated on your certificates.
I can’t find my account password.
You can reset your account password here. Your username will always be the email address that you used to register for the webinar.
How does the money-back guarantee work?
Clear Law Institute stands behind all of its courses with a no-risk, money-back guarantee. If you are not satisfied with the quality of a webinar, we will fully refund your money—no questions asked. If you purchase an annual all-access membership, you can cancel within 14 days for a full refund.