Speaker: Rosemarie A Smith

This workshop will cover the following key points:

1. Introduction to Form W9: Explanation of what Form W9 is, who uses it, and why it’s so crucial within the 1099 reporting process.

2. When and Why to Use W9: We’ll discuss the situations that necessitate a Form W9, and the rare exceptions for not requiring one before issuing payment to a payee.

3. Analysis of the Form: A step-by-step guide on key flags to look out for when reviewing submitted forms from payees to ensure compliance and avoiding common mistakes.

4. Connection to 1099 Forms: Knowledge of W-9 Form details and their role in preparing 1099 Forms for reporting payments.

5. Tax Implications: Discuss the tax duties for payers and payees, and the penalties for incorrect or missing Form 1099 filings.

6. Best Practices: Keep records organized, handle W9 forms securely, and comply with tax laws.

7. Vendor Master File Automation: High-level discussion on streamlining the vendor on-boarding process with automation for efficiency and compliance with 1099 tax regulations.

8. Q&A Session: We’ll finish with Q&A to address questions and ensure clarity.

By the end of the workshop, participants will clearly understand Form W9’s purpose in 1099 reporting and be confident in meeting these requirements.

Disclaimer
We are working with our speakers and sponsors to create a workshop program that covers a range of practical hands-on sessions. Our exact workshop titles will be confirmed soon.