IRS Form 1099 Reporting Update

$199.00

SKU: 410142

Description

Dont expose yourself to compliance violations find out everything you need to know about Form 1099.
Learn best practices for managing 1099 form compliance. We will discuss the rules for issuing various 1099 forms to different vendors. Gain confidence in the decisions and distinguish between an employee and a true subcontractor to whom you issue a 1099 form.

Date: 2023-01-12 Start Time: 1:00 PM ET End Time: 2:40 PM ET

Learning Objectives

* You will be able to define reasons for issuing 1099 forms.

* You will be able to explain the necessity of compliance with 1099 processing.

* You will be able to identify the unique situations where a 1099 form other than Form 1099MISC is applicable.

* You will be able to recognize opportunities to enhance your companys compliance.

Purpose of 1099 Forms
• Use of Form 1099-MISC
• Use of the New Form 1099-NEC
• Use of Form 1099-INT
• Use of Various Other Types of 1099 Forms

Compliance Issues
• Reporting Requirements
• Penalties for Failure to Comply
• Electronic vs. Paperless Filing

Good Practices
• Preparing 1099 Forms
• IRS Correspondence on Incorrect ID Numbers
• Records Retention

AIPB ,Enrolled Agents ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Josie A. Henneke, CPA-AGS Capital, LLC