RECORDED TRAINING COURSE
Form 1099 reporting has always been tricky, and changes in 2020 and 2021 continue to increase the reporting burden. Tucked away in the American Rescue Plan was a change to reporting on a form called a 1099-K, which has an interaction with contract labor reported on the 1099-NEC.
More and more contractors are taking payment via apps such as Venmo – how are those payments reported? Or are they reported at all? These are among the things you’ll learn in this fast-paced, 90-minute webinar.
- What is 1099?
- Who gets the 1099?
- When do corporations get 1099s?
- A review of medical payments and legal payments
- How to file 1099s? NEW – the electronic filing mandate for 2023 forms
- Form 1099-K updates and interactions with the 1099-NEC
- Form W-9 updates and discussion
- CP-2100 letters
- Backup withholding
- Dealing with reimbursements to contractors
- Who exactly is a contractor?
- Discussion of Form 1099-MISC
- Discussion of Form 1099-INT and 1099-C, and other forms as time allows
Why You Should Attend:
This webinar will cover the latest updates businesses need to be aware of with the 1099-NEC and 1099-MISC. This includes changes in the American Rescue Plan relating to Form 1099-K, which in turn affects the 1099-NEC and 1099-MISC. We will also cover topics such as: how (or if) you report payments made to contractors through Venmo. We also cover the basics such as what is a 1099? Who gets a 1099?
What are “medical payments” and what are “legal payments”? Also, the electronic filing mandate, which refers to how you file forms with the IRS, has changed for 2023, and we will include discussion of what the new requirements for this are, and how you can meet the mandate.
Who Should Attend:
- Tax preparers
- Human resources professionals
- Payroll professionals
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.