The Knowledge Group
The Knowledge Group

Steve Friedman, Director, Washington National Tax, KPMG LLP to Speak at KC’s The New and Existing World of 1099-MISC and Related Issues Explored Live Webcast

New York, NY, December 17, 2010 --( The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Steve Friedman, Director, Washington National Tax, KPMG LLP will speak at a 2-hour webcast entitled “The New and Existing World of 1099-MISC and Related Issues Explored Live Webcast.” This event is scheduled for December 16, 2010 at 12:00 PM - 2:00 PM ET.

About Steve Friedman

Steve joined KPMG in 1989 and is a member of the Practice, Procedure, & Administration group in the Firm’s Washington National Tax office. In addition to IRS practice and procedure matters, Steve deals extensively with information reporting and withholding issues, including Form 1099 reporting and backup withholding, Form 1042-S reporting and withholding, and the reporting of foreign financial accounts (the “FBAR” reporting requirements).

In addition, he has expertise in the area of federal employment taxes, particularly the issue of worker classification (employee v. independent contractor), and has represented numerous clients on this matter in IRS examinations.

Steve also has extensive experience in resolving reporting and withholding errors through negotiated settlements with the IRS. Steve is a member of the American Institute of CPAs, and the Maryland State Bar Association. Steve received a B.S. (1978) and a J.D. (1981) from the University of Maryland.


KPMG LLP, the audit, tax and advisory firm, is the U.S. member firm of KPMG International. KPMG International’s member firms have 137,000 professionals, including more than 7,600 partners, in 144 countries.

KPMG delivers a globally consistent set of multidisciplinary services based on deep industry knowledge. Our industry focus helps KPMG professionals develop a rich understanding of clients' businesses and the insight, skills, and resources required to address industry-specific issues and opportunities.

Our history spans three centuries and features a number of significant mergers, most recently the combination of Peat Marwick International and Klynveld Main Goerdeler, and their individual member firms, into KPMG in 1987.

Combined revenues for KPMG member firms declined to U.S. $20.11 billion for the fiscal year ended Sept. 30, 2009, versus U.S. $22.69 billion for the prior fiscal year.

Event Synopsis:

A relatively obscure provision in the recently passed healthcare legislation is set to create big administrative headaches for companies. Starting in 2012, companies will have to report virtually all payments for services and merchandise aggregating $600 or more during the year on form 1099 to the IRS. This means getting the TIN from and identifying every vendor you do business with. Critics contend that any additional tax revenue collected will be offset by the administrative burdens of compliance.

One thing is certain: changes to the way you report your purchases are coming and you must understand the impact of this new regulation to your firm. The Knowledge Group has assembled a panel of key thought leaders and experts to help you make sense of the new 1099 reporting requirements as well as related information reporting issues.

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

The Knowledge Group, LLC brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.

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

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