On-demand Webinar: Critical Form 1099 and 1042-S Compliance Issues for 2024

The current issues of highest impact on tax information reporting compliance will be covered in this new presentation, including:

• Nearly all 1099 and 1042-S filers are now required to file electronically for all their information returns 
• New or updated IRS electronic filing systems
• Increase in monetary penalties for failures to file in the manner required, failure to file correct information, and filing late
• Revisions to the forms, procedures and acceptable reasons for requesting due-date extensions or temporary relief from the electronic filing requirement. 

The program offers a review of the Form 1042-S and the types of Forms 1099 most often required for payments processed through Accounts Payable, what information each form requires, and the deadline dates for filing to the IRS and furnishing copies to recipients.  In addition, we’ll review IRS updates on the availability of extensions and whether relief from all-electronic filing could be available.  And the program includes a review of which forms are accepted in the several IRS electronic filing programs – FIRE, IRIS, MeF – and what’s required from your organization in order to file in each system.

Learning objectives:

• Identify your organization’s options for filing Forms 1099, 1042-S and 1042 electronically to the IRS – including the FIRE system, IRIS portal system, IRIS bulk filing A2A system and MeF for Form 1042 
• Use current forms or procedures to request extensions or other compliance relief.

Featured speaker:

Marianne Couch, JD - Principal, Cokala Tax Information Reporting Solutions, LLC

Marianne Couch, JD, a Principal in the Cokala Tax Group, is an advisor on U.S. federal information reporting compliance.  She is a frequent lecturer at major tax conferences and the author of numerous published articles. She served for many years as Research Director of an information reporting and withholding consultancy where she chaired special training and advisory services provided to large organizations and academic and nonprofit institutions. She was previously a member of the IRS Information Reporting Program Advisory Committee (IRPAC), where she served as Chair of the IRPAC Subcommittee on Small Business and Self-Employed (SBSE) tax issues.  In this capacity, she testified annually before the IRS Commissioner on issues of concern to the information reporting community.  Marianne has previously worked as a litigator for a large Michigan law firm, where she represented individuals and large clients in many types of civil actions, and formerly served as a Research Attorney for the Michigan Court of Appeals.

Continuing education credits available!

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Receive 2 CEUs toward maintaining a certification with IOFM! IOFM's premier certification programs are designed to establish standards for the industry and recognize financial operations professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the body of knowledge in their profession. Additional rules may apply, depending on your certification. See full guidelines here. 

Accessibility Information:

IOFM is committed to accessibility. Disability-related accommodation requests for the live event (such as providing live captioning) should be sent to [email protected] by close of business the day before the live webinar. A captioned recording of this webinar can be made available upon request to [email protected].

Cancellation policy:

To cancel your registration for this event, simply contact IOFM customer service at [email protected] (or call 207-842-5557) no later than 24 hours prior to the scheduled start of the event. You can choose to access the full recorded event, or, your credit may be applied toward the purchase of any IOFM product or interactive event. If for any reason you are not completely satisfied with this program, we will provide a full refund — no questions asked!

For more information:

Contact Customer Service:

Phone: (207) 842-5557

Email: [email protected]