The New and Existing World of 1099-MISC and Related Issues Explored
Overview:A relatively obscure provision in the recently passed healthcare legislation is set to create big administrative headaches for companies. Starting in 2012, companies will have to report all specie or merchandise payments greater than $600 on form 1099 to the IRS. This means getting the TIN from and identifying every vendor you do business with. As the rule stands, if you take clients out for dinner, you’re going to have to 1099 the restaurant. Critics contend that any additional tax revenue collected will be offset by the administrative burdens of compliance.
One thing is certain: changes to the way you report your purchases are coming and you must understand the impact of this new regulation to your firm. The Knowledge Group has assembled a panel of key thought leaders and experts to help you make sense of the new 1099 reporting requirements.
Join this live webcast by clicking the “Register” button below. Advanced registration is advised as space is limited. Significant discounts apply to early registrants.
Who Should Attend:
- Finance Officers
- Tax preparers
- Legislative Attorneys
- Tax Directors
- Accountants or Attorneys practicing on Tax Advice and Controversy
- General Counsel
- Tax Advisors
- Federal Tax Litigation Attorneys
Jonathan E. Strouse is a partner in the Chicago office of Holland & Knight where he concentrates his practice in the areas of litigation, federal tax litigation and federal tax controversies, including audits and appeals. Mr. Strouse is chair of Holland & Knight's Tax Controversy and Tax Litigation Team.
Over the past several years, Mr. Strouse has acted as lead trial counsel in the United States Tax Court on approximately 18 cases and has represented clients in the United States District Court and the United States Court of Federal Claims on numerous federal tax refund cases. Prior to entering law school, Mr. Strouse practiced as a certified public accountant for five years. Mr. Strouse regularly advises other attorneys and certified public accountants regarding their representation of taxpayers before the Internal Revenue Service.
University of Wisconsin Law School, J.D., cum laude
University of Wisconsin, B.B.A., with distinction, Finance and Accounting
Jonathan E. Strouse is a partner in the Chicago office of Holland & Knight where he concentrates his practice in …
Steve joined KPMG in 1989 and is a member of the Practice, Procedure, & Administration group in the Firm’s Washington National Tax office. In addition to IRS practice and procedure matters, Steve deals extensively with information reporting and withholding issues, including Form 1099 reporting and backup withholding, Form 1042-S reporting and withholding, and the reporting of foreign financial accounts (the “FBAR” reporting requirements). In addition, he has expertise in the area of federal employment taxes, particularly the issue of worker classification (employee v. independent contractor), and has represented numerous clients on this matter in IRS examinations. Steve also has extensive experience in resolving reporting and withholding errors through negotiated settlements with the IRS. Steve is a member of the American Institute of CPAs, and the Maryland State Bar Association. Steve received a B.S. (1978) and a J.D. (1981) from the University of Maryland.
Steve joined KPMG in 1989 and is a member of the Practice, Procedure, & Administration group in the Firm’s Washington …
WILLIAM F. BECKER JR., CPA, MBA, is a tax partner in the Tampa office of Cherry, Bekaert & Holland, L.L.P. (www.cbh.com). A graduate of the University of South Florida, his primary practice areas include tax consulting, real estate taxation and pass-through entities. Mr. Becker has served in tax positions in both public accounting and corporate tax departments. He is a frequent continuing education instructor and has authored numerous articles on tax issues for national and regional publications. In addition to being a member of Cherry, Bekaert & Holland's Real Estate Construction Industry Group, Mr. Becker is a member of the American Institute of Certified Public Accountants, the Florida Institute of Certified Public Accountants, Urban Land Institute, Tampa Bay Estate Planning Council and has been involved in various community activities throughout Tampa Bay. He can be reached at 813-251-1010 or firstname.lastname@example.org.
WILLIAM F. BECKER JR., CPA, MBA, is a tax partner in the Tampa office of Cherry, Bekaert & Holland, L.L.P. …
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Unlock All The Knowledge and Credit You Need
Leading Provider of Online Continuing Education
It's As Easy as 1, 2, 3