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November 9, 2023
2023-1865

Wednesday, November 29 | Year-end US information reporting changes (1 pm ET)

What filers need to know this season to prepare for changes and updates to IRS reporting requirements

Year-end US information reporting obligations necessitate being aware of IRS changes and incorporating any new requirements into existing systems, processes, and procedures. The past year saw updates to Forms 1099 and 1042-S reporting requirements, revised IRS tax forms, and new and complex proposed guidance related to digital assets reporting.

How should you navigate these important updates and changes? What should you be aware of as you enter into the US information reporting season? What future changes should you start thinking about and preparing for now? Join Ernst & Young LLP professionals for answers to these questions and a practical discussion of how to manage your information reporting processes.

The following topics will be discussed:

  • Updates to Form 1042-S
  • Transmitter Control Code (TCC) updates
  • Form 1042 electronic filing requirements
  • Draft revisions to Forms W-8EXP and W-9
  • Proposed regulations related to reporting on digital assets
  • Form 1099-K reporting changes
  • Leading reporting practices

Date: Wednesday, November 29, 2023

Time: 1:00-2:00 p.m. ET New York; 10:00-11:00 a.m. PT Los Angeles

Registration: Register for this event.

Panelists

Jonathan Jackel, Managing Director, Financial Services Organization, Tax, Ernst & Young LLP

Saul Tilmann, Managing Director, Financial Services Organization, Tax, Ernst & Young LLP

Colin Brien, Managing Director, Financial Services Organization, Tax, Ernst & Young LLP

Ryan Blewitt, Managing Director, Financial Services Organization, Tax, Ernst & Young LLP

Moderator

Tara Ferris, Principal, Ernst & Young LLP; EY Americas Information Reporting and Withholding Services Leader, Tax

CPE credit offered: up to 1.2 depending on duration. Recommended field of study: Taxes. Learning objectives: Identify recent US information reporting, withholding, and documentation developments, and recognize how to manage 2023 information return filings. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

EY webcast managed and produced by Ernst & Young LLP's Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax | lynn.fairfax@ey.com and Barbara Kirchheimer | Barbara.Kirchheimer@ey.com

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The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

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