Overview

Regardless of its structure (sole proprietor, corporation, etc.) that makes “reportable transactions” during the year, any business is required to issue a 1099 to the recipient of income and the IRS. IRS 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 demystify some of the tricky areas relating to 1099-MISC, such as when the 1099 should be issued and whether a worker is a contractor or an employee. This Online course includes the latest update on 1099-NEC which is being Resurrected by IRS & will be used to report payments made to independent contractors. Independent Contractors receive 1099 instead of IRS W-2. W-9 will also be discussed. Although, many don’t understand or underestimate the power of W-9. W-9 is a simple also known as Request for Taxpayer Identification Number and Certification Number. The speaker will expel the myth around. There are over 20 types of 1099s; this webinar will focus on the 2 most common types — 1099-NEC and 1099-MISC — while touching on many other types. This webinar will cover a wide range of topics to help you and your clients stay in compliance with 1099 issues. To stay compliant, practitioners must know what to use to report specific transactions when must be filed or furnished to recipients to be on time, which information to include, and how to make sure it is accurate.

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  • 3 Live + Recording
  • CEU Credits (SHRM & HRCI)
  • Certificate of Participation
  • Course Materials (PDF Material)
  • Testing
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