Are you Prepared for BSA, OFAC and FACTA?

In the highly regulated gaming industry, remaining cognizant of current and future compliance requirements is imperative. Laws change regularly, and continued compliance with the regulations in the jurisdictions in which your company is licensed, as well as with all applicable federal laws, can be a daunting task.

With this in mind, Convey Compliance Systems, Inc., Resort Advantage, and Regulatory Management Counselors, P.C., have prepared this webinar-on-demand that discusses the "Key Issues for 2010." The webinar will provide information on essential federal regulations, and their respective application to the gaming industry, including the Bank Secrecy Act, the "Red Flag Rules" provided for in the Fair and Accurate Credit Transactions Act ("FACTA"), the requirements mandated by the Office of Foreign Asset Control ("OFAC"), and IRS tax compliance regulations.

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Form 1042-S Tips and Tricks

The deadline for filing your forms 1042-S for Non-Resident Alien and foreign vendor income reporting is March 15. And the IRS has recently announced it will hire as many as 700 employees to deal with the enforcement of international tax reporting issues. This news could be troublesome for organizations that have not taken a serious approach in the past to filing Forms 1042 and 1042-S for income associated with non-U.S. customers and vendors.

During this 35-minute pre-recorded webinar, Jill Dymtrow with Compliance Technologies International and Jeff Cronin with Convey Compliance will provide you with a variety of tips and ideas to get you on the road to completing this process correctly and by the deadline of March 15.

About the Presenters

Jill Dymtrow is a Vice President at Compliance Technologies International. She joined CTI in 2007 as it was being established by partners in the law firm of Burt, Staples and Maner. She has 10 years experience working with U.S. financial institutions, multi-national corporations, and Qualified Intermediaries, managing their day to day compliance obligations under the IRS Section 1441 and 3406 rules. Prior to joining CTI, Ms. Dymtrow specialized in information reporting and withholding as a Manager with PricewaterhouseCoopers. Her work has involved large global financial institutions, as well as technology, energy, pharmaceutical and biotech companies.

Jeff Cronin is VP of Product Marketing at Convey. Jeff brings more than 15 years of experience in business technology and product management experience, and is focused on maximized return on investment for Convey’s clients.

Form 1099-MISC Reporting

The Form 1099-MISC ranks far and away as the most ubiquitous Form 1099 for reporting purposes. In spite of this distinction perhaps no other form generates more questions and contains more traps that can catch the unwary filer.

Join Steven Mercatante Esq., founder and owner of TaxInformationReporting.com, to discuss Form 1099-MISC and its many complexities, including:

• What actually qualifies as rent for Box 1 Reporting
• Why royalties may mean more than what you think
• Settlements and how to report to both attorneys and claimants
• The dreaded Box 6 vs. Box 7 medical service provider debate
• Non-Qualified Deferred Compensation
• How to target and address the most common reporting mistakes.

Reporting Non-Resident Alien (NRA) Income

Will the IRS hold you liable for non-compliance?

 If your organization is not properly reporting Non-Resident Alien (i.e., non-U.S. citizen) income information, it could happen.

The IRS has recently announced it will hire as many as 700 employees to deal with the enforcement of international tax reporting issues. This news could be troublesome for those organizations that have not taken a serious approach in the past to filing Forms 1042 and 1042-S.

Walk away with knowledge about:

• Why tax withholding is more important than ever for your organization
• The penalties and costs of non-compliance
• What an audit involves and tips for handling the audit process
• Understanding of the 1042 Internal Revenue Manual
• Tools you can use to help your organization save valuable time, money and risk

Get Ready to Roth and Roll

New Roth IRA conversion eligibility rules will affect your 1099-R and 5498 reporting processes

A new tax law has created a new opportunity for high earners who, until now, were traditionally unable to qualify to contribute to a tax-advantage Roth IRA. Because of this elimination of income limits, all taxpayers will be eligible to convert tax-deferred traditional IRAs and employer-sponsored plans to tax-free Roth IRAs after January 1, 2010, regardless of annual income.

The act of converting traditional IRAs and employer-sponsored plans to Roth IRAs involves a taxable distribution, which means increased 1099-R and 5498 reporting for your organization. As a business offering individual retirement arrangements (IRA) for its clients, you must file form 1099-R and Form 5498 for Roth IRA conversions, contributions, and distributions.

What are your reporting responsibilities?

Tax Automation / Paystream Webinar

Tax information reporting time is notoriously tedious and time-consuming. Dealing with reporting headaches is par for the course, but does it really have to be?

Not anymore.

To gain knowledge on the benefits of the tax automation process and how to fix issues before they even arise, download this 60-minute webinar - including Q&A - with Convey Compliance and Paystream Advisors, for information on how tax reporting automation can help you:

• Be more compliant
• Increase the efficiency with your 1099 processing
• Save money

Legacy Information Reporting Webinar

If you are running an internally maintained 1099 reporting process you are just starting to get your updates scheduled for the year. Reviewing federal and state forms, transmittals and regulations and getting your IT teams to update your systems is just part of the job. To learn more, including key compliance requirements and recommendations and how to prepare, view this informative webinar.

1099Convey Solution Webinar

Are you looking for a way to automate and fully manage data imports, formatting, corrections and full transmission of all your organization’s 1099 information?

When you completely unburden your 1099 tax reporting duties and take advantage of Convey’s solutions, you still have access to Taxport's full automation functionality, but can also rely on Convey’s experienced staff to ensure best practices, compliance, and efficiency. View this recorded Webinar to see how you can realize up to a 42% cost reduction in 1099 tax reporting processes.

Printing & eStatements Webinar

Learn how to reduce the cost of your print and form delivery with Convey’s eStatements and Print Service Solutions.

View this 30-minute Webinar on Demand and discover the benefits of Convey’s Print Services and eStatements solution. This webinar, including Q&A, will give you ideas on solutions that can lower your operational costs, lower your risks, and allow greater efficiency in your organization.

Taxport Managed Services Webinar

Learn about Convey's Managed Services Solution by viewing this webinar.

The IRS has changed the game.

Are you ready? Learn  the top tax reporting challenges you will face in 2009.

Taxport Casino Webinar

View Convey's recent webinar about Taxport Casino solutions.