RECORDED WEBINAR

Compliance Updates: Form 1099-MISC and 1099-NEC in 2023

Jul 21st, 2023

12:00 AM ET / 11:00 PM CT / 10:00 PM MT Duration : 90 Minutes

Speaker:

Jason Dinesen, LPA, EA

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About this Webinar

About Webinar

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.

Session Highlights

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

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.

Speaker(s)

SPEAKER

Jason Dinesen, LPA, EA

Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on accounting and bookkeeping services, tax preparation and business advising to individuals with a business focus ranging from home-based businesses to multistate corporations and not-for-profits. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College.

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Credits: 1.5

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Credits: 1.5

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Credits: 1.5

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