Learning Objectives:
Please note that this class is not designed to address the complex issues that arise in securities, bank financial
instruments, mutual funds, retirement plan or IRA tax reporting. If your needs are in those areas, please contact Cokala
about alternate training programs.
- Identify payments made during 2011 that must be reported to the IRS on a Form 1099
- Identify specific categories of payees and payments that are not reportable, and know what documentation you
need in order to exclude a payment from 1099 reporting - Recognize the elements that require you to doubt the documentation furnished by a payee on Form W-9, and how
to identify the reportable payee when you pay sole proprietors, LLCs, agents or middlemen - Identify payment situations in which your organization has a backup withholding obligation, and what to do with
the 28% you are required to withhold from the payment - Prepare IRS Forms 1099 for 2011 and file with the IRS
- Comply with IRS filing requirements for Form 945, reconciliation of withheld federal tax
Please note that this class is not designed to address the complex issues that arise in securities, bank financial
instruments, mutual funds, retirement plan or IRA tax reporting. If your needs are in those areas, please contact Cokala
about alternate training programs.
COKALA offers you
practical training in
tax compliance
practical training in
tax compliance
 |  |  |  |
Form 1099 Tax Reporting for 2011 - 1-day training class
This class will be updated and presented in 2012. We will post the dates and locations here soon.
The agenda below, from 2011, is shown here as a sample of what is covered in this class.
Taught by Marianne Couch, JD
How does the April 14 repeal of 1099-MISC expansion affect your organization? What's actually
reportable now?
Why did the IRS issue a new Form W-9, and how does it impact your internal operations?
Penalties for 1099 failures are two or more times what they used to be - what are recommended "best
practices" to implement for the lowest exposure to penalty risk?
Are backup withholding events being overlooked in your organization? The IRS is auditing on this now.
How should you validate reportable data received on Form W-9; separate foreign payees that are
subject to the separate rules for 1042 withholding and reporting; perform file cleanup before year end?
What do you need to know about how to file, filing deadlines, payee statement deadlines, extensions?
What do you need to know about state Form 1099 filing requirements?
This new 1-day training program, updated for 2011, will equip you for compliance with Form 1099 tax
reporting requirements -- including changes effective this year and next year.
Form 1099 penalty increases are also now in effect, doubling the basic penalty amount and raising the
annual ceiling to 1.5 million dollars. This training program will cover recommended policies and
procedures to lessen the risk of Form 1099 noncompliance in your organization.
And, your participation in this training program gives you three months of custom support by Cokala's
well-known tax technical compliance advisors, to help you with questions come up your in daily work.
This class will be updated and presented in 2012. We will post the dates and locations here soon.
The agenda below, from 2011, is shown here as a sample of what is covered in this class.
Taught by Marianne Couch, JD
How does the April 14 repeal of 1099-MISC expansion affect your organization? What's actually
reportable now?
Why did the IRS issue a new Form W-9, and how does it impact your internal operations?
Penalties for 1099 failures are two or more times what they used to be - what are recommended "best
practices" to implement for the lowest exposure to penalty risk?
Are backup withholding events being overlooked in your organization? The IRS is auditing on this now.
How should you validate reportable data received on Form W-9; separate foreign payees that are
subject to the separate rules for 1042 withholding and reporting; perform file cleanup before year end?
What do you need to know about how to file, filing deadlines, payee statement deadlines, extensions?
What do you need to know about state Form 1099 filing requirements?
This new 1-day training program, updated for 2011, will equip you for compliance with Form 1099 tax
reporting requirements -- including changes effective this year and next year.
Form 1099 penalty increases are also now in effect, doubling the basic penalty amount and raising the
annual ceiling to 1.5 million dollars. This training program will cover recommended policies and
procedures to lessen the risk of Form 1099 noncompliance in your organization.
And, your participation in this training program gives you three months of custom support by Cokala's
well-known tax technical compliance advisors, to help you with questions come up your in daily work.
Class dates and locations:
September 12, Santa Clara, California
September 27, Baltimore
October 4, Cleveland
October 5, Detroit
October 7, Chicago
October 18, Las Vegas
November 7, Fort Lauderdale
November 14, Dallas
November 15, Charlotte NC
November 16, Atlanta
December 5, Boston
Location information
Register by phone, fax or mail
By phone: call 734.629.5155. By mail or fax: print registration form and fax to 734.428.0702, or mail to COKALA Tax
Information Reporting Solutions LLC, PO Box 2224, Ann Arbor MI 48106.
Registration Fee
$490 standard course fee includes training program, course materials, followup support, and breakfast and lunch
$416 class fee is available to prior attendees of training with Cokala, and additional discounts are available for
companies with 3 or more people attending this class - phone Cokala at 734.629.5155 or email info@cokala.com
$392 class fee for early-bird registration, which requires payment in full a minimum of 40 days prior to date of class
This program is presented in a group-live format. Program level is Basic; there is no prerequisite requirement for this
class, and no advance preparation required. Class begins at 8:15 a.m. and ends at 4:00 p.m. (Continental breakfast is
available beginning at 7:45 a.m.)
CPE RECOMMENDED CREDITS: 7.5
COKALA Tax Information Reporting Solutions, LLC 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 addressed to the National Registry of CPE
Sponsors through its website: www.learningmarket.org.
.
Cancellation and refund policies
Privacy policy
Refunds: Requests for refunds must be received in writing at least seven business days prior to the first day of the
program, and are subject to a $50 cancellation fee.
For more information regarding administrative policies such as complaint, refund and cancellation, please contact our
offices at 734.629.5155.
September 12, Santa Clara, California
September 27, Baltimore
October 4, Cleveland
October 5, Detroit
October 7, Chicago
October 18, Las Vegas
November 7, Fort Lauderdale
November 14, Dallas
November 15, Charlotte NC
November 16, Atlanta
December 5, Boston
Location information
Register by phone, fax or mail
By phone: call 734.629.5155. By mail or fax: print registration form and fax to 734.428.0702, or mail to COKALA Tax
Information Reporting Solutions LLC, PO Box 2224, Ann Arbor MI 48106.
Registration Fee
$490 standard course fee includes training program, course materials, followup support, and breakfast and lunch
$416 class fee is available to prior attendees of training with Cokala, and additional discounts are available for
companies with 3 or more people attending this class - phone Cokala at 734.629.5155 or email info@cokala.com
$392 class fee for early-bird registration, which requires payment in full a minimum of 40 days prior to date of class
This program is presented in a group-live format. Program level is Basic; there is no prerequisite requirement for this
class, and no advance preparation required. Class begins at 8:15 a.m. and ends at 4:00 p.m. (Continental breakfast is
available beginning at 7:45 a.m.)
CPE RECOMMENDED CREDITS: 7.5
COKALA Tax Information Reporting Solutions, LLC 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 addressed to the National Registry of CPE
Sponsors through its website: www.learningmarket.org.
.
Cancellation and refund policies
Privacy policy
Refunds: Requests for refunds must be received in writing at least seven business days prior to the first day of the
program, and are subject to a $50 cancellation fee.
For more information regarding administrative policies such as complaint, refund and cancellation, please contact our
offices at 734.629.5155.
| COKALA Tax Information Reporting Solutions, LLC - telephone 734.629.5155 PO Box 2224, Ann Arbor MI 48105-2224 - fax 734.428.0702 |