Episode 375: A Factor in Reducing IRS Penalties - Handling Returned 1099’s and 1042’s

About this episode

This episode discusses how to handle returned 1099 and 1042 forms to reduce IRS penalties.

Send us Fan Mail So you sent recipient statements to your vendors for Tax Year 2025 – and some came back. Here is how to handle them to reduce penalties from the IRS. Keep listening. Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to reduce the potential for fraudulent payments, compliance fines or bad vendor data. Check out the Vendor Process Training Center for 173+ hours of weekly...

Topics covered

• IRS penalties
• 1099
• 1042
• tax compliance
• vendor management

Keywords

• tax year 2025
• vendor statements
• fraudulent payments
• internal controls

Mentioned in this episode

Products: Vendor Process Training Center

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