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Validity : 16th Dec'24 to 26th Dec'24
Form 1099-MISC Year-End Compliance Update
- Who must issue a 1099-MISC
- What payments are reportable
- Who receives a 1099-MISC
- IRS penalties for not filing
- How to get out of penalties
- Form 1099-NEC
- How to tell the difference between a contractor and an employee
- The interaction between Form 1099-K and Form 1099-MISC
- A brief discussion of rental activity and the Form 1099-MISC
Overview of the webinar
Determining w hen a Form 1099-MISC needs filed can be difficult, and IRS penalties can make the situation even more complicated. This course will cover how to navigate when a 1099-MISC needs issued, who to send a 1099-MISC to, and how to deal with potential penalties. We will also discuss how payments made with a credit or debit card do not need a 1099-MISC issued. Also covered will be a new form — Form 1099-NEC — that will be used starting in 2021 for contract labor payments.
Who should attend?
- HR Professionals
- Office managers
- CFOs and controllers
- Tax preparers
- Accountants
- Accounts payable and accounting managers
- Accounts payable processing professionals
- Employers and Business owners
- Public accountants, CPAs and Enrolled Agents
- Purchasing managers and professionals
Why should you attend?
- Learn compliance tips for 2020 filings of Form 1099-MISC
- Learn about major changes coming to the reporting of independent contractor pay, including a new form to use for 2021
- Learn about the interaction between Form 1099-K and Form 1099-MISC, and how a 1099-MISC may not always need issued if the transaction falls under the 1099-K rules
- Learn how to tell the difference between a contractor and an employee, and why it is important
- Learn about the importance of Form W-9
Faculty - Mr.Jason Dinesen
Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert and a well-known presenter of continuing education courses.
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 (for 10 years on this subject!); marriage in the tax code; tax updates; the new Form W-4, payroll updates, filing status, tax credits, corporation and partnership taxation and other issues relating to the modern-day setting.
Jason always had a knack for speaking and news reporting. He is regularly featured as an anchor for Radio Iowa and Radio Minnesota, is a frequent Podcast Guest and hosts his own Podcast.
Credits
ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.
HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org