RECORDED TRAINING COURSE
1 CEU HRCI | 1 PDC SHRM APPROVED
This webinar will cover when Forms 1099-NEC and 1099-MISC need to be issued. We will cover who issues 1099s and to whom, and for what transactions. Then we’ll talk about a different form – the 1099-K – and how some types of transactions go on a Form 1099-K, which relieves you of needing to issue 1099 yourself.
We will also cover various scenarios businesses may find themselves in, and how such transactions are reported. And since this webinar is also focused on compliance, we will cover how to tell the difference between a contractor and an employee, which is a growing area of IRS audits – and states are becoming more aggressive with this as well. As part of this discussion, we will look at the Form W-9 and how to use it for compliance. We will cover reimbursements to contractors…. and also throw a light on the question – Are those reimbursements reportable on a 1099 or not?
- What is a 1099 form and who issues it?
- Who receives 1099?
- What transactions are reportable?
- Form 1099-K and its interaction with 1099-NEC and 1099-MISC
- Form W-9
- Backup withholding
- Employee or contractor: how to tell the difference
- Reimbursements to contractors: reportable or not?
Why You Should Attend:
IRS enforcement of 1099 reporting requirements is increasing, and penalties apply for failure to issue 1099 when you should have. This webinar will answer your questions about situations where 1099 reporting is required – specifically Forms 1099-NEC and 1099-MISC.
Who Should Attend:
- Payroll Professionals
- Office Managers
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.