Description
RECORDING TRAINING COURSE
Regardless of its structure (sole proprietor, corporation, etc.) that makes “reportable transactions” during the year, any business is required to issue a 1099 form to the recipient of income and the IRS. IRS Form 1099-MISC compliance is a surprisingly complicated compliance requirement for businesses and accountants. The requirements are always changing, and answers are seldom clear-cut. This course will demystify some of the tricky areas relating to Form 1099-MISC, such as when the 1099 form should be issued and whether a worker is a contractor or an employee.
This Online course includes the latest update on Form 1099-NEC which is being Resurrected by IRS & will be used to report payments made to independent contractors. Independent Contractors receive Form 1099 instead of IRS Form W-2. Form W-9 will also be discussed. Although, many don’t understand or underestimate the power of Form W-9.
Form W-9 is a simple form also known as Request for Taxpayer Identification Number and Certification Number. The speaker will expel the myth around the form.
There are over 20 types of 1099s; this webinar will focus on the 2 most common types — Form 1099-NEC and Form 1099-MISC — while touching on many other types of forms. This webinar will cover a wide range of topics to help you and your clients stay in compliance with 1099 form issues.
To stay compliant, practitioners must know which form to use to report specific transactions when forms must be filed or furnished to recipients to be on time, which information to include, and how to make sure it is accurate.
SESSION HIGHLIGHTS:
- To explain how to determine payment amounts.
- To analyze when corporations receive 1099 forms.
- To identify the Form 1099-K exception to issuing 1099 forms.
- To review the requirements for sending 1099s to the recipient.
- To explore how to file 1099s with the IRS, including possible changes to the electronic filing threshold.
- To discuss when a business needs to file Form 1099-MISC.
- To analyze the usage of Form W-9.
- To review and discuss CP-2100 letters and B-Notices.
- To identify when a business needs to do backup withholding.
- To explain the basics of Form 1099-INT.
- To identify changes to various other 1099 forms.
Webinar covers the following Key Topics
- Issuing 1099s, part 1·
- Issuing 1099s, part 2
- How to file
- Form 1099-MISC
- Form W-9
- CP-2100 Letters
- Backup withholding
- Form 1099-INT
- A quick rundown of what’s new with other types of 1099s
Why You Should Attend:
This webinar is ideal for accountants, bookkeepers, office managers, human resources professionals, and compliance professionals who need to stay current on the latest 1099 rules and regulations. He will also talk about, Independent Contractors, Don’t miss this opportunity to learn from our expert presenters and gain the knowledge you need to stay compliant and protect your business.
Who Should Attend:
- Certified Public Accountants (CPAs)
- Certified Management Accountants (CMAs)
- Certified Bookkeepers (CBs)
- Certified Payroll Professionals (CPPs)
- Human Resources Managers
- Compliance Officers
- Accounting Managers
- Financial Controllers
- Business Owners and Manager
Note: You will get access to the Recording link and E-Transcript; in your account and at your registered email address.
Jason T. Dinesen, LPA, EA is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on tax and accounting services for small businesses and individuals. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars.
