Everything Auto Dealers Need to Know about
IRS Form 1099-NEC
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Featuring: Rob Campbel, Advisory Managerl & Kristin Reese-Scalabrino, CPA and Tax Manager
Air Date: January 12, 2023
1pm Eastern/ 12pm Central / 11am Mountain / 10am Pacific
Program Length: 45 minutes
Update for 2022 Reporting - Experts provide a detailed report on common misconceptions and processing errors related to W-9 and IRS Form 1099. Everything you need to know… at this workshop.
Overview of W-9 and Form 1099-NEC, includes a walk-through of the form itself
How to identify reportable payments and payees… know when a 1099 is required
The IRS TIN (Taxpayer ID Number) Matching Program
How to avoid related penalties and problems with the IRS
When to furnish and file information… such as the “de minimus error” rule
Common 1099 errors & how to both avoid and correct
Best Practices for the preparation of Forms 1099… including the process in your DMS