Accounts payable tax reporting, including 1099 webinars for 1099, is critical for all organizations. Accounts payable tax reporting including the latest IRS 1099 Rumors should be provided to every accounts payable group responsible for Accounts Payable 1099 Reporting.

In this session we review the latest IRS 1099 rumors and new reports about the IRS wanting to monitor bank accounts. This has implications for the accounts payable departments responsible for issuing 1099s and it is one of the reasons why AP Now offers 1099 webinars. The IRS is serious about closing the tax gap and is looking for additional resources to increase enforcements, better known as audits. This includes information reporting audits, including audits of the 1099s issued each year. #AccountsPayable #1099 #Accounting

This is why it is critical that accounts payable 1099 training be offered to those who will do the reporting. When you read the stories about President Biden and his quest to have more reporting from the banks, it is not hard to draw a line to the IRS looking from more accurate 1099 form reporting in 2021.

At the end of the session, we discuss a startling rumor making the rounds. Hot off the press: IRS 1099 Rumors will seriously impact 1099 tax reporting everywhere as closing the tax gap becomes a priority.

That is why training for correct IRS tax reporting when preparing for year end is critical. AP Now offers training in the form of 1099 webinars 2021 and a 1099 e-workshop to help organizations with their annual tax reporting.

AP Now’s 1099 Webinars: https://www.ap-now.com/products/item113.cfm

AP Now’s 1099 e-Workshop: https://www.ap-now.com/products/1099-eWorkshop.cfm

Learn more about AP Now at: www.ap-now.com

Sign up for AP Now’s twice a week, free ezine at www.ap-now.com

This is Sound Bite #53