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. 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.

Key Topics:

To identify filing thresholds for issuing 1099s.
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 explain the basics of Form 1099-INT.
To identify changes to various other 1099 forms.

Note - You will receive your Recorded webinar Instruction kit within 24 hours of your purchase on your registered email address.

Instructor

Jason Dinesen

EA, LPA

Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert and a well known presenter of continuing education courses. He has an impeccable acumen for tax subjects, by virtue of which, he is known to create very well researched course materials helping individuals and businesses with accounting, bookkeeping, tax preparation, and business advisory in various industries. Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics and much more. He has presented over dozens of webinars on Form 1099 (MISC & R); marriage in the tax code; tax updates; the new Form W-4, payroll updates, filing status, tax credit and other issues relating to the modern-day household setting. Moreover, Jason is known to be producing every other webinar/course a little different and updated from the previous one. No wonder, he is a top ranked presenter whose webinars and self-study course materials are very well received by the audience. He also teaches 2 classes at Simpson College, Individual Income Tax and Business Analytics.

Credits

Frequently Asked Questions

Live training course/ webinar is an Online training seminar which you can access through your computer and laptop or phone and directly interact with our expert speaker and allow to ask questions during the Live webinar. Conference material used by our speaker to the Live webinar will be provide with your Instruction kit before the Training.

Recorded webinars or On-Demand are self-paced audio-visual training program that you can watch at your own pace to earn Continuing Education Units (if applicable). Online, recorded training courses are accessible whenever you choose, for an unlimited number of times. Additionally, you have three months from the purchase date to watch as many times as you like. After a live training or webinar has started, you will receive the instructions and link to access the recorded training course. If it has already been recorded, you can access it right away.