Want to avoid IRS penalties for mistakes on Form 1099? Yes, make sure staff has exercised due diligence. Due Diligence involves a written Plan, training staff, and monitoring staff to determine if they have followed the plan. The Plan for accurate Forms 1099 is the development of procedures for an accurate Form W-9. Most mistakes that the IRS identifies on the Form 1099, originates in failure to follow W-9 procedures. IRS penalties not only cost money but also take up valuable time which translates to money.
WHY SHOULD YOU ATTEND?
This course is designed to develop a plan and train and monitor staff to achieve due diligence.
AREA COVERED
- Due Diligence best practices steps
- Most common mismatch problems
- How is a name/TIN mismatch identified
- Use of IRS e-services to avoid mismatches
- Review of W-9 solicitation requirements
- Step by step review of Forms W-9
- 2016 penalty increases against form 1099 preparer
- Resources for W-9 and 1099 compliance
LEARNING OBJECTIVES
- Most common Form 1099 mistakes, development of best practices manual, A Plan
- Contents of best practices manual
- Duties of your W-9 expert
- W-9 compliance steps
- Identifying types of payments requiring a Form 1099
- Identifying types of companies requiring a Form 1099
- Maintaining records to prove due diligence was exercised
WHO WILL BENEFIT?
- CPA, Attorney, EA Firms and Staff
- Firm Accounts Payable Management or Staff
- Owners, Shareholders of Small Businesses and Staff
- Corporate Controllers, Accounts Payable, Financial Managers & Staff
- Non-profit Controllers, Accounts Payable, Staff
This course is designed to develop a plan and train and monitor staff to achieve due diligence.
- Due Diligence best practices steps
- Most common mismatch problems
- How is a name/TIN mismatch identified
- Use of IRS e-services to avoid mismatches
- Review of W-9 solicitation requirements
- Step by step review of Forms W-9
- 2016 penalty increases against form 1099 preparer
- Resources for W-9 and 1099 compliance
- Most common Form 1099 mistakes, development of best practices manual, A Plan
- Contents of best practices manual
- Duties of your W-9 expert
- W-9 compliance steps
- Identifying types of payments requiring a Form 1099
- Identifying types of companies requiring a Form 1099
- Maintaining records to prove due diligence was exercised
- CPA, Attorney, EA Firms and Staff
- Firm Accounts Payable Management or Staff
- Owners, Shareholders of Small Businesses and Staff
- Corporate Controllers, Accounts Payable, Financial Managers & Staff
- Non-profit Controllers, Accounts Payable, Staff
Speaker Profile

Margie Faulk is a senior level human resources professional with over 15 years of HR management and compliance experience. A current Compliance Advisor for HR Compliance Solutions, LLC, Margie, has worked as an HR Compliance advisor for major corporations and small businesses in the small, large, private, public and Non-profit sectors. Margie has provided small to large businesses with risk management strategies that protect companies and reduces potential workplace fines and penalties from violation of employment regulations. Margie is bilingual (Spanish) fluent and Bi-cultural.Margie’s area of expertise includes Criminal Background Screening Policies and auditing, I-9 document correction and storage compliance, …
Upcoming Webinars

Female to Female Hostility @Workplace: All you Need to Know

The Importance of the first 5 seconds when presenting

How to Manage the Legal Landmine of the FMLA, ADA and Worke…

Managing Difficult Employee Conversations

How to Write Effective Audit Observations: The Principles f…

Managing Toxic & Other Employees Who Have Attitude Issues

2025 EEOC & Employers: Investigating Claims of Harassment …

Leadership: Strategic Planning and Decision Making

FDA Proposes Framework to Advance Credibility of AI Models

Reduce Stress in the Workplace: Effective Ways to Handle Co…

ChatGPT and Project Management: Leveraging AI for Project M…

Leverage AI-Powered Tools for Talent Acquisition: Best Prac…

6-Hour Virtual Seminar on Learning the Highlights of Excel …

With Mandatory Paid Leave Gaining Ground Is It Time To Do A…

Form W-9 Compliance: TIN Verification, B Notices, and Avoid…

How to Give Corrective Feedback: The CARE Model - Eliminati…

Tattoos, hijabs, piercings, and pink hair: The challenges …

Stress, Change And Team Resilience Through Humor: An Intera…

Elevate Your Workplace Wellness: 10 Critical Wellness Facto…


AML Regulatory Insight for Q1 2025: Implementing recent cha…


How to Write Right for Better Business Communication




Gossip-Free: Leadership Techniques to Quell Office Chatter

Improving Employee Engagement & Retention Through Stay Inte…

Transforming Anger And Conflict Into Collaborative Problem …
