Audio Conferences

Withholding & Depositing Tax on Payments from AP

June 5, 2008 at 02:00PM ET

Do you know what to do with that 28% the IRS requires you to backup withhold from certain 1099 reportable payments? Do you know in which instances backup withholding is required?

Register today for this IOMA audio conference and resident AP expert Marianne Couch will take you step-by-step through the tax withholding, depositing, and recordkeeping process.

Form 1099 compliance is particularly crucial now because the IRS and Congress are cracking down. The IRS has several new enforcement initiatives under way—plus it has teamed up with states to ferret out Form 1099 abuses. And Congress is considering tough new laws that will expand Form 1099 reporting and increase penalties for noncompliance.

Register today to attend this 90-minute audio conference and you’ll learn:

The four triggers for backup withholding
Who’s liable for the tax if it’s not withheld
How to report the withheld amount and the amount of the payment
Deadlines for depositing the tax
Penalties for failing to deposit tax when required
How to account for the withheld and deposited tax
How to avoid having to do it altogether

FEATURED FACULTY

Marianne Couch, Esq.
COKALA Tax Information Reporting Solutions, LLC

Marianne Couch, Esq., is an experienced advisor and author on U.S. federal and state tax information reporting compliance. She is a founding member of the COKALA Tax Group. She was formerly Executive Director of the National Association of Form 1099 Filers, Inc. and Director of Research for Balance Consulting, Inc. in Ann Arbor, MI. Prior to joining Balance Consulting, her professional experience was with a large regional law firm. Marianne formerly served as a member of the IRS Information Reporting Program Advisory Committee, and as Chair of the IRPAC Subcommittee on Small Business and Self-Employed (SBSE) tax issues. She is a frequent lecturer at nationwide professional conferences, and author of numerous articles on tax reporting law and procedure. She received her JD from the Michigan State University School of Law, cum laude, and is a member of the Michigan bar.

Purchasing

AP Certification

Receive 1.5 CEUs toward APM, APS, or APD recertification! About the Accounts Payable Certification Programs: The new credentialing plan is designed to establish standards for the profession and recognize accounts payable professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the accounts payable body of knowledge.