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Payment Reporting Specialist Certification (CPRS) – Self-Study Online Course
Course Highlights
Course type: Self-Study, Online
Designation Earned: Certified Payment Reporting Specialist (CPRS)
Registration fee: $895 per learner (Member discounts of 10%-20% apply.)
Designed for: The Payment Reporting Specialist (CPRS) Certification Program is designed for those whose responsibilities include accurate and IRS-compliant payment reporting.
Course Description
Accurate payment reporting is a critical function in AP, and earning certification in this area of accounts payable demonstrates to your employer that you are dedicated to achieving 100% compliance. Employees who have earned the CPRS designation can play a key role in ensuring accurate reporting and fine avoidance - improving the bottom line and increasing your value to the organization.
Course Details
None
Tax Code Changes, Identifying Payees, Form 1099-MISC, Attorney and Middleman Fees, Expense Reimbursements, Penalty and B Notices, State Reporting, IRS Audits. View complete table of contents here.
Access to the course lasts for one year after date of purchase. Since it is self-study, learners can move at their own pace, but IOFM recommends a timeline of about 3 months to move through the material. Total learning hours for this course are estimated at 13 to 18.
The self-study program (accessed via the IOFM.com E-Learning Center) comes with access to the e-textbook (Master Guide to 1099 Compliance), on-demand 4-hour training video, one practice exam and 3 attempts at the final exam (50 multiple-choice questions, 60 minutes, graded pass/fail).
None.
IOFM does not offer CEUs for Certification classes. We know that earning your Certification takes a lot of time! However, the nature of continuing education is that it is additional training you do after you are certified in order to keep up with the standards set by the program. Therefore, earning your credentials does not count towards your CEU requirement. If you already hold an IOFM Certification, you may count subsequent live Certification classes for 6 CEUs towards that previously-held Certification.
Most updated version of Google Chrome, a desktop/laptop computer with a functioning speakers and a strong Internet connection. If accessing from a work computer, some companies' VPN/security settings can impede course performance (visit the Help Center for resolutions).
Certification is maintained by paying a $150 recertification fee and passing a biannual exam.
Course Instructor
Marianne Couch, JD
Principal, Cokala Tax Information Reporting Solutions, LLC
Marianne Couch, JD, a co-founder of the Cokala Tax Group, is an advisor on U.S. federal and state tax information reporting compliance. She is a frequent lecturer at major tax conferences and the author of the Master Guide to Form 1099 Compliance and numerous published articles. She served for many years as Research Director of Balance Consulting, and chaired special training and advisory services provided to large organizations and academic and nonprofit institutions. She is a former 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. Earlier, Marianne served as a Research Attorney for the Michigan Court of Appeals.
Member Pricing: IOFM Member e-learning discounts of 10-20% apply. Make sure that you are logged in before proceeding with your registration in order for the discount to be applied automatically in cart.
Group Enrollments: You can add multiple enrollments to your online cart, and you'll be able to assign the enrollments to yourself or others after purchase through our course set-up wizard. If you'd like to purchase more than 20 enrollments, please contact our Advisory Services Team.
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Additional Training Options
IOFM offers a variety of training options for you and your team. Besides the self-study courses available for purchase at left, IOFM also provides:
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