Managing clients’ 1099 filing requirements may only be top of mind near the January 31 filing deadline, but the onboarding of new vendors happens throughout the entire year. It’s imperative that firms apply careful consideration and best practices for W-9 collection and maintenance and then apply the same scrutiny to the onboarding of each vendor that is based outside of the U.S. who requires a W-8 and 1042-S. To effectively manage this complex process, the Avalara 1099 and W-9 solution automates filings and paves the way for a recurring revenue stream from January through December.

Learning Objectives:

• Describe how year-round attention to W-9 and W-8 compliance can reduce potential penalties from the IRS


• Determine the critical security measures required when handling sensitive tax information such as social security numbers


• Recognize how software automation can help clients avoid discrepancies, errors, and unnecessary penalties


• Evaluate legislative changes from the IRS and their impact on the IRS 1099 tax reporting landscape