Episode 222: Didn’t Get a Chance to Clean Your VMF? Do These 3 Steps Before Distributing and Filing 1099-MISC/NECs to Avoid IRS Penalties

You didn’t get a chance to clean your vendor master file quarter – or maybe last year. Now it’s January that’s filled with preparation for distributing 1099s to your payees and the related 1099 filing with the IRS and some states. But you still have time to do the minimum to avoid fines and penalties...and you also have time to get help.

Keep listening.

Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data.

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Links mentioned in the podcast:

• Webinar: On-Demand Webinar: Vendor Master File Clean-up Tools: Validate Vendor Data / Find Missing Vendor Data / Identify Duplicates
• Webinar: On-Demand Webinar: 8 Steps to Clean Your Vendor Master File - Before the End of the Year
• YouTube Video: 3 IRS 1099 Updates for the 2022 Tax Year
• 24-Hour Vendor Validations: https://debrarrichardson.com/cleanup
• Vendor Process Training Center: Vendor Process Training Sessions – Live Online and On Demand. New Live Training Every Wednesday and Thursday.
• Vendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download
• Vendor Master File Clean-Up: https://www.debrarrichardson.com/cleanup
• YouTube Channel: https://www.youtube.com/channel/UCqeoffeQu3pSXMV8fUIGNiw
• Prevent Fraudulent Payments. Get Your Own Copy of the3 Step Vendor Setup and Maintenance Process eGuide. (Includes Authentication Reference Template and Vendor Validation Reference List)
• More Podcasts/Blogs/Webinars www.debrarrichardson.com
• More ideas? Email me at [email protected]
• Music Credit: www.purple-planet.com