Reporting season for Forms 945/1099 and 1042/1042-S is once again upon us and the steps necessary to complete and submit the forms continue to evolve. What’s needed to populate the required dollar amounts, codes and information into the IRS’s format changes each year and is not always as straightforward as filers would expect. So, what are this year’s challenges and how can they be turned into opportunities? Also, what steps should financial services companies take to make sure their information is complete and correct before filing? Join Ernst & Young LLP professionals for answers to these questions and a practical discussion of how to manage filing these forms for 2019.
In many ways year-end reporting is the culmination of a company’s daily information reporting and tax withholding compliance programs and can be an opportunity to highlight challenges and improve current process, procedures and systems. While technology has assisted many companies in establishing more efficient and accurate reporting procedures, the IRS has similarly incorporated new technology to employ “data analytics” techniques to analyze information returns and improve their ability to identify errors. This makes accurate reporting more important than ever.
On this webcast, we’ll discuss how to properly and efficiently complete the 2019 forms, the most common mistakes filers make, and how to file efficiently, with a focus on issues specific to banks, brokers, asset managers, insurance companies and others in the financial services industry. We will also review:
During this live, interactive webcast, you will have the opportunity to ask questions, and the panelists will answer as many of your questions as time permits.