As the calendar year comes to a close, retirement systems face a host of important tax reporting obligations. From Forms 945, 1099-R, and 1042-S to electronic filing requirements and correction procedures, even small reporting errors can lead to significant administrative headaches and potential IRS penalties.

Join Ice Miller attorneys Audra Ferguson and Nicole Giambarrese on Thursday, November 5 as they welcome Lindsay Knowles to join them for a discussion on key year-end tax reporting requirements affecting public retirement systems. While retirement systems generally focus on benefit administration, they also serve important federal tax compliance roles as withholding agents, tax depositors, and tax filers.

What You’ll Learn:

• Responsibilities that accompany withholding agents, tax depositors, and tax filers
• Common filing challenges
• Recent electronic filing developments
• Reporting considerations for retirement benefits and nonresident aliens
• Practical strategies for identifying and correcting errors before they become larger issues
• Form 945 deposit and reporting requirements
• Common Form1099-R reporting pitfalls
• Available correction mechanisms when mistakes occur
• Common IRS notices and compliance inquiries
• Appropriate response strategies
• The increased IRS focus on tax and information reporting compliance for governmental entities

Whether your system is preparing year-end filings, reviewing compliance procedures, or addressing reporting questions that arise throughout the year, this webinar will provide practical guidance to help you navigate tax season with confidence.

Who Should Attend:

This session is designed for professionals responsible for public sector retirement plan compliance and financial reporting:

• Executive leaders of public retirement systems
• Benefits administrators and pension operations professionals
• Finance, accounting, and tax reporting personnel
• Compliance officers and legal counsel

CLE Credit:

This program is pending approval for 1.0 hour of General CLE credits in Illinois, Indiana, Ohio, and Pennsylvania. Attendees licensed in other states will receive certificates of attendance for self-reporting purposes.

Meet the Speakers:

Audra Ferguson, Partner

 

Nicole Giambarrese, Partner

Lindsay Knowles, Of Counsel