Register Online - Add to Cart

Credits

Sponsored by Lorman Education
Product ID: 409259EAU
 
Credit & Course Provided by:

IRS Form 1099 Reporting Update

OnDemand Webinar (109 minutes)

Don't expose yourself to compliance violations - find out everything you need to know about Form 1099.Learn best practices for managing 1099 form compliance, including the rules for issuing various types of 1099 forms to various types of vendors. Gain confidence in the decisions and distinguish between an employee and a true subcontractor to whom you issue a 1099 form.

Authors

Josie A. Henneke, CMI, CPA, AGS Capital, LLC

Agenda

Purpose of 1099 Forms

• Use of Form 1099-MISC

• Use of the New Form 1099-NEC

• Use of Form 1099-INT

• Various Types of 1099 Forms in Addition to Other 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