"Reporting compliance has long been a source of anxiety for business owners and their accountants. In recent years, the IRS has been significantly increasing the penalties for failing to comply with reporting requirements. Are you sure you know all the rules for reporting compliance in order to keep your clients from being penalized? 

This course is Part 3 of a comprehensive 3-part series that will help you understand the 1099 information reporting forms. This course will show you techniques for confidently correcting errors that you may discover on 1099 reporting. It will also help you understand Form W-9 and its real purpose, strategies for ID number matching, and backup withholding requirements. Additionally, we will cover penalties that can be imposed as well as possible remedies to avoid or abate those penalties."