Due Diligence Steps for Form 1099.

    /Patrick  /A Haggertyspeaker of compliance global
    Speaker: Patrick A Haggerty
    Duration: 90 Minutes
    Product Code: 700727
    Level: Intermediate
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The IRS thinks Forms 1099 are important. They asked and Congress agreed to increase the failure to timely file and the failure to file a correct Information Return penalties for Information Forms.

Form 1099 Due Diligence – Those steps you must take if you want to request abatement of IRS Form 1099 penalties due to reasonable cause. Exercising due diligence, due care in following procedures saves time and money.

why should you attend

  • Develop Good Procedures for Solicitation of W-9 Forms
  • Develop Procedures for Review of Incoming W-9 Forms
  • Determine When to Return Incorrect or Incomplete W-9 Forms
  • Use IRS e-Services to Avoid TIN and Name Matching Problems
  • Guidelines for Instituting Backup Withholding tax Procedures
  • What to do When You Receive a Notice 2100/2100A

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Areas Covered

  • Most Common 1099 Mistakes
  • Current Responsibility of Income Tax Preparer as Well as Payer
  • Compliance requirements of Payers
  • W-9, first step to accurate Forms 1099
  • Tips for Avoiding IRS B-Notices
  • Tips for Avoiding Increased IRS Penalties

Learning Objectives

  • Identifying Types of Payments Requiring 1099s
  • Identifying Types of Entities Who Should Receive a 1099
  • Developing Best Practices for Preparation of Forms 1099
  • Potential Penalties for Payer and Tips to Avoid Penalties


  • CPA and Accounting Staff
  • Enrolled Agent and Staff
  • Attorney and Staff
  • Bookkeeping Service Companies
  • Corporate Accounts Payable Staff
  • Non-Profit Accounting Staff
  • Any Person or Department responsible for sending out Forms W-9 and Forms 1099


Pat Haggerty is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice. He began teaching accounting at the college level in 1988.  He is licensed as an Enrolled Agent by the U. S. Treasury to represent taxpayers at all administrative levels of the IRS and is a Certified Management Accountant.  He has written numerous articles and a monthly question and answer column for payroll publications. In addition, he regularly develops and presents webinars and presentations on a variety of topics including Payroll tax issues, FLSA compliance, and information return reporting.

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