Convey Compliance Systems Named Sponsor at Knowledge Congress' Event on Challenges in 1099 Tax Information Reporting on 08/26/09

New York, NY, July 29, 2009 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts has announced today that Convey Compliance Systems, the market leader in providing on-demand tax information reporting services and software, will sponsor the Knowledge Congress’ upcoming webcast entitled: “Challenges in 1099 Tax Information Reporting: Best Practices for Finance & Accounting Executives”. This 2-hour event is scheduled for August 26, 2009, at 3:00 PM - 5:00 PM EDT. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/event_2009_F_1099.html)

Event Synopsis:

1099 Tax information reporting compliance remains a challenge for many companies. A number of prominent firms receive significant penalties and fines for improperly filing, missing regulatory deadlines, and missing or wrong recipient information. The only way to prevent costly errors and IRS penalties is to ensure that your tax information reporting policies conform to the best practices. This Live Webcast will teach you how to ensure compliance with these best practices and how to head off potential problems for this year’s 1099s. The program will cover many critical issues in this area, including:

- Credit card transactions to merchants
- Cost basis reporting

As well as: why the Form W-9 has changed, and how your payees should complete it, when there is no need a Form W-9, how to avoid being held liable by the IRS for backup withholding, how to make sure the names and numbers your payees provided match the IRS’s files, how to identify reportable payments, what to do if you can’t tell whether a payee or payment is exempt from reporting, and whether you might also have state reporting obligations.

1099 Tax Information Reporting : Best Practices for Finance & Accounting Executives LIVE Webcast is a must attend event for accounting & finance departments of all companies.

About Convey

Convey Compliance Systems reduces both the costs and risks associated with handling 1099 reporting at the federal and state level. Clients depend on Convey’s innovation and expertise to assure tax compliance while handling the complexities of reporting and filing tax documents on behalf of customers, vendors and investors. Convey’s solutions combine over 20 years of expertise in 1099 reporting with configurable on-demand software and operational services, all designed to reduce costs, increase efficiency and mitigate risk.
Founded in 1986 and headquartered in Plymouth, Minn., Convey serves clients ranging from small businesses processing hundreds of forms to Fortune 500 companies.

For more information about Convey, visit www.convey.com.

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.” To contact or to register to an event, please visit: www.knowledgecongress.org.

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