(Additional Conferences and Seminars)
P-Cards and Form 1099: Strategies to Ensure Accurate Reporting
Thursday, February 21, 2008 — 2:00 pm ET — 60 minutes
Featured Faculty: Denise Johnson, Esq., General Counsel and Tax Compliance Manager, Balance Consulting LLC
Does your company use purchase or payment cards? Do you know what your reporting obligation is for purchases made with these cards?
To the IRS, a p-card payment is just another payment and possibly reportable. If p-card payments to a given payee otherwise meet IRS requirements, you are still responsible for reporting those payments on a Form 1099-MISC. Are you properly following reporting obligations on these payments? Do you get a verified Name and TIN for every payment made with a P-Card? How can you backup withhold if the payment is already made? Sign up for this audio conference today and find out...
- What the IRS defines as a Payment Card – it’s more than you might think!
- How to identify reportable payments on your card statements
- What backup withholding and “failure to report†penalties your company could face
- How the IRS Qualified Payment Card Agent system and regulations are supposed to help you
- Why the QPCA program isn’t operational yet
- What your company can do now to minimize risk of IRS penalties
Plus, get answers to your questions about 1099 reporting for P-cards during the interactive Q&A session following the presentation.
If you are unable to attend the audio conference live, Order the CD!
Pricing:
TAPN members- $199
Non-members- $299
(Please note that there will be a $6.95 charge for Shipping and Handling on CD orders.)
About this conference's faculty:
Denise Johnson, Esq., General Counsel and Tax Compliance Manager, Balance Consulting LLC
Denise provides research, consulting, and training services in the areas of tax information reporting and sales and use tax. She also serves Balance as General Counsel. Prior to joining Balance, her professional experience concentrated on employee benefit plan administration and compliance, probate and estate matters, general civil litigation, and corporate law. She received her Juris Doctor from the Thomas M. Cooley Law School and is a candidate for her LL.M. in Taxation from the Wayne State University Law School. Denise is a member of the State Bar of Michigan, the Washtenaw County Bar Association, the American Bar Association, and the Michigan Women's Tax Association. Denise serves as the Executive Director of the National Association of Form 1099 Filers and is an adjunct instructor at Dorsey Schools where she teaches courses in business. She has also been invited to present at numerous professional meetings and conferences and has authored several publications.
Continuing Education: This audio conference by The Accounts Payable Network qualifies for 1 CEU for the TAPN/IOMA Accounts Payable Certification and 1 CPE credit from NASBA.
The Accounts Payable Network is registered with the National Association of State Boards of Accounting (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 credits. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.
