Supreme Trainer

About Webinar

Any business – regardless of its structure (sole proprietor, corporation, etc) that makes “reportable transactions” during the year is required to issue 1099 to the recipient of income and to the IRS. Form 1099-MISC compliance is a surprisingly complicated compliance requirement for businesses and accountants. The requirements are always changing, and answers are seldom clear-cut. This course will de-mystify some of the tricky areas relating to Form 1099-MISC, such as when 1099 should be issued and whether a worker is a contractor or an employee.

In order to stay compliant, practitioners must know which form to use to report specific transactions, when forms must be filed or furnished to recipients in order to be on-time, which information to include and how to make sure it is accurate.

Session Highlights

Why file a Form 1099? & Who must issue 1099?
To identify the rules requiring W-9 documentation and 1099 reporting for various types of forms.
To recognize how to establish an independent contractor relationship with the right documentation.
To recognize the rules and keep your company in compliance
To identify that your records are correct and will stand the scrutiny of an IRS 3rd Party Documentation and Reporting audit
Using Form W-9 for compliance
Line-by-line through the W-9
Other compliance tips
How Form 1099-K interacts with the 1099-MISC and 1099-NEC

Why You Should Attend

This webinar includes the latest update on Form 1099-NEC which is being Resurrected by IRS & it will be used to report payments made to independent contractors.

The attendees of the webinar would learn:

What constitutes a reportable transaction?
What are the rules regarding paying and IRS reporting on Independent Contractors?
How do we avoid the IRS CP-2100 (B-Notices)? What if our vendor/payee claims exemption; must we obtain a W-9 anyway?
What are the best practices for handling our information reporting obligations?
How can we minimize the risk of improper exemption claims by our payees and vendors?
Different due diligence procedures shield an issuer from penalties even when the forms contain incorrect information.

Who Should Attend

HR Professionals/Managers
CFOs and controllers
Tax preparers
CPA
Public Accountants
Accounting managers
Accounts payable processing professionals
Employers and Business owners
CPAs and Enrolled Agents
Purchasing managers and professionals

*In this Recorded Session, you can listen to Q&A which includes direct answers from our expert speaker.

**Recorded Version: Unlimited viewing for 365 days ( Access information will be emailed 36 hours after the completion of live webinar).

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.

CEUs

The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.

Credits: 1.5

Supreme Trainer is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org

Credits: 1.5

Supreme Trainer is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org.

Credits: 1.5

Credits: 0

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