RECORDED TRAINING COURSE

shrm  hrciapprovedprovider-2022    1 CEU HRCI |  1 PDC SHRM APPROVED


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, at the beginning, such as what is  1099, who gets a 1099, what are “medical payments” and what are “legal payments”? 

SESSION HIGHLIGHTS:

  • A look at the 2021 version of the 1099-NEC and 1099-MISC
  • What is a 1099?
  • Who gets a 1099?
  • When do corporations get 1099s? A review of medical payments and legal payments
  • How to file 1099s
  • Form 1099-K: updates and interactions with the 1099-NEC
  • Form W-9 updates and discussion
  • Dealing with reimbursements to contractors
  • Who exactly is a contractor?

Why You Should Attend:

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, 1-hour webinar.

Who Should Attend:

  • Accountants
  • 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 educational seminars.

Course Information

  • January 14, 2022
  • Available All Day
  • 60 Minutes
  • Jason T. Dinesen