Regardless of its structure (sole proprietor, corporation, etc.) that makes “reportable transactions” during the year, any business is required to issue a 1099 to the recipient of income and the 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 de-mystify some of the tricky areas relating to Form 1099-MISC, such as when the 1099 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.
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 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.
To explain how to determine payment amounts.
To analyze when corporations receive 1099s.
To identify the Form 1099-K exception to issuing 1099s.
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 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
Who 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. Don’t miss this opportunity to learn from our expert presenters and gain the knowledge you need to stay compliant and protect your business.
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
During the Q&A session following the live event, ask a question, and get a direct response from our expert speaker.
Note: Those who register either for the “Recorded class” or the “E-transcript” will get access to the recorded class 24 hours after and within 48 hours of the live event.
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