1099 Reporting Concepts
Description
In this workshop, you’ll learn best practices to ensure you are properly setting up vendor accounts and payments to comply with Internal Revenue Service and California reporting requirements. You also will be updated on reporting requirements and pending legislation related to financial risks for increased penalties, as well as ways that districts can use procedures to comply with regulations and reduce or eliminate any accessed penalties.
Continuing Education
5.00 CEUs
Competency Level
Foundational
Learning Objectives
- Identify vendors and payments reportable to the IRS and State of California
- Contrast between the U.S. and foreign vendor reporting processes
- Determine when California non-resident withholding is required
- Prepare information returns for federal and California reporting
