White Paper

Form 1099 Misuses and Pitfalls

 
Some payments are not required to be reported on Form 1099-MISC, although they may be taxable to the recipient and require some other method of reporting. In this whitepaper learn which payments you do not send a 1099 MISC for. Learn some of the common errors when processing 1099 returns. Penalties for Late Filing apply if you fail to file timely, fail to include all information required or you include incorrect information. If you fail to provide correct payee statements and you cannot show reasonable cause, you may be subject to a penalty.

Faculty

Jennifer A. Driskill, CPA, M.B.A.

Jennifer A. Driskill, CPA, M.B.A.

Johnson, James & Co CPA PC

Agenda

Incorrect Usage of Form 1099
Common Errors
Penalties for Noncompliance
Remedies for Noncompliance

Faculty

Jennifer A. Driskill, CPA, M.B.A.

Jennifer A. Driskill, CPA, M.B.A.

Johnson, James & Co CPA PC

  • Partner with James Dee Johnson & Company, CPAs, P.C.
  • 25 years of experience in the accounting industry
  • Serves client needs by providing an accounting department and/or controller duties including payroll, bookkeeping, accounts receivable and payable, and compilation and review services
  • Areas of practice also include tax preparation for individuals, partnerships, corporations, trusts and nonprofits, as well as business and tax planning
  • QuickBooks ProAdvisor® and available for training or consulting
  • Member of Oklahoma Society of Certified Public Accountants and Accounting Institute of Certified Public Accountants
  • M.B.A. degree in business, Oklahoma City University; B.B.A. degree in accounting, Pittsburg State University, Kansas; certified public accountant
  • Can be contacted at 405-943-1272 or [email protected]

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