For years the IRS has struggled with the independent contractor and tax collection. In assessing opportunities to close the tax gap (taxes due but not reported or paid), one of the greatest opportunities comes from expanding the information reporting on taxpayers by payors--the 1099. This course will cover how this time-consuming reporting obligation can be streamlined in a number of ways. Other topics covered include when to require a Form W-9, protocols for setting up new vendors, and the government's desire to remove tax exemptions and what this would mean for you.