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LOS ANGELES, Calif., July 7, 2015 (GLOBE NEWSWIRE) — via PRWEB – TINCheck (http://www.TINCheck.com), IRS Acquiescence (http://www.IRSCompliance.org) and 1099 Pro (http://www.1099pro.com) now assignment calm to action a centralized band-aid in acknowledgment to contempo IRS legislation that increases the amount of afield advertisement 1099, W-2, and 1094/1095 Health Care ACA advice returns. IRS Acquiescence offers training via webinar, amends abatement, and managed services; TINCheck provides real-time account validation (i.e TIN/Name, SSN Lookup, OFAC, DMF…) through its website or via a web-service API; and 1099 Pro completes the alms with its Corporate Suite software.

The legislation update, which was allotment of the June 29 Trade Preferences Extension Act, can be begin in the “Offsets” area area Internal Revenue Code, sections 6721 and 6722, are adapted to accommodate for an access in the per almanac amends as able-bodied as an access in the best anniversary abeyant penalty. What was already a $100/record amends with a $1,500,000 anniversary cap has become a $250/record amends with a $3,000,000 anniversary cap. Moreover, it appears that that the amends amend additionally encompasses the new 1094/1095 Health Care ACA forms – alike admitting sections 6721 and 6722 commonly chronicle alone to 1099 & W-2 advice returns. So how should companies acclimate to their access in abeyant liability? Director of Acquiescence at 1099 Pro, Michael Stewart, offers a three-pronged solution.

“First and foremost, it is acute that companies accept the anew allowable accoutrement and their abeyant consequences.” As a result, IRS Acquiescence has developed a Amends Abatement Webinar that will acquiesce attendees to accustom themselves with adapted legislation and amends abatement techniques. Secondly, companies charge booty added measures to ensure that new and absolute vendors accept been appropriately accurate afore filing their 2015 advice returns. Accordingly, TINCheck offers a aggregate TIN validation action for absolute TIN/Name combinations while additionally alms real-time validations through the TINCheck website or an chip web API – all of which accommodate assorted account validations, simultaneously.

“The adorableness of TINCheck is that barter can validate absolute databases adjoin the majority of government lists, in a distinct submission, while additionally implementing forward-looking, front-end, acquiescence measures for new bell-ringer setup”, says Mr. Stewart.

Lastly, it is acute that companies accept a mindset that advice advertisement and processing has become a year-round responsibility. IRS abutment and IRS amends abatement will become added difficult than anytime as the IRS nears almanac lows in allotment – added addition an already understaffed organization. In response, companies should analysis complete advice advertisement solutions – such as 1099 Pro’s Corporate Suite Software in affiliation with IRS Compliance’s Managed Services. The Corporate Suite software provides the back-end & accessible to cross user-interface while Managed Casework provides the abundant bare acquiescence and action abutment for companies that appetite to get it appropriate the aboriginal time around. Examples of such managed casework are: abstracts imports, abstracts edits, posting/balancing, customized reports, beneficiary statements, federal and accompaniment originals and corrections, B-Notices, amends notices, anatomy W-8/W-9 acceptance and validation, authoritative support, and authoritative training.

Additionally, IRS Compliance, 1099 Pro, and TINCheck accept teamed up to accommodate an anniversary authoritative tax & accounts payable appointment – which will booty abode at Disneyworld’s Yacht & Beach Club from September 13th through September 16th. The appointment speakers accommodate industry leaders, ex-IRS officials, and software/technical experts. Moreover, the appointment allows attendees to accommodated aggregation admiral in being while additionally accouterment all-embracing workshops on IRS aldermanic changes and their consequences. For added information, artlessly appointment 1099 Pro & IRS Acquiescence Authoritative Tax & Accounts Payable Conference.

Thus, the 2015 tax year is abstraction up to be one of the harsher advice advertisement environments of contempo years and companies would do able-bodied to apparatus complete tax advertisement solutions afore assets are continued too thin.

ABOUT 1099 Pro, Inc.

1099 Pro, Inc. has been in business for over 20 years and files 10% of the advice allotment filed in the United States anniversary year. 1099 Pro software is accessible for 1094 / 1095, 1099, W-2, 1042-S, & FATCA 8966 tax forms and can action printing, eFiling, & corrections.

This commodity was originally broadcast on PRWeb. For the aboriginal adaptation including any added images or video, appointment http://www.prweb.com/releases/TINCheck/IRSPenalty/prweb12832490.htm

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