Course Details

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Course Description

This webinar is must attend for everyone professional in Industry may it be Bank Managers, Compliance Officers, Information Reporting Officers, Tax Managers, CFOs, Controllers, Accounting Managers, Auditors, IT Managers, Compliance Managers, Risk Managers or every profesional & team member in accounting practice. 
Why file a Form 1099? It’s the law – and the IRS is increasing enforcement in this area. Who must issue 1099? Generally, any business – regardless of its structure (sole proprietor, corporation, etc.) – that makes "reportable transactions" during the year must issue 1099 to the recipient of income and to the IRS. What constitutes a reportable transaction depends on the nature of the 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 risk of improper exemption claims by our payees and vendors? Get the answers to these and related questions to reduce your risk of huge penalties from the IRS.

Learning objectives

  • Why file a Form 1099? & Who must issue a 1099?
  • Identify the rules requiring W-9 documentation and 1099 reporting for various types of forms
  • Recognize how to establish the independent contractor relationship with the right documentation
  • Recognize the rules and keep your company in compliance
  • Identify that your records are correct and will stand the scrutiny of an IRS 3rd Party Documentation and Reporting audit
  • Identify how to avoid the onerous penalties for noncompliance and build the best defense against the 972-CG Notice of Proposed Penalty Letter
  • Differentiate penalties, what the fine is, and when they apply

About Presenter

Jason Dinesen, EA, LPA

Advisor, Dinesen Tax & Accounting, P.C.

[email protected]

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.

Unlike some other accounting firms, when Dinesen Tax & Accounting, P.C. says we offer personal service, we mean it. When you come to us with your tax preparation needs, you’ll deal directly with our owner and president, Jason Dinesen. We don’t put administrative staff in the middle of you and our tax expert. That means you’ll always have first-hand knowledge of where things stand, and important information won’t slip through the cracks. We welcome all clients, but especially individuals who want the benefits of a long-term relationship with an accounting firm capable of handling anything that might come along with their taxes. We give all our clients the time, attention, and convenience they should expect. If you have a challenging professional or personal schedule, Jason will accommodate you by meeting whenever – and wherever – works best for you.

FAQ

  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.

Refund/Cancellation Policy

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128

In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).

Reviews

4.7
(215)
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  • WV
    Wendy Vensil
    Dec 10th 2019
    The best part of the webinar was that it included latest updates on FORM 1099 NEC. myCPE and Jason were quick to deliver webinar on these updates which is highly appreciable. The webinar was up to date and very informative.
WB
William Barnes , CPA
This gentleman was fluent in the subject. Passionate, extremely knowledgeable, enthusiastic, humorous, actually made accounting sound interesting! Also, my questions were answered. Happy !
CH
Curtis Harrington , EA, Attorney
Dineson is always Excellent. He is very passionate and knowledgeable about the information being presented. He appropriately adjusted his teaching technique to best fit the needs of his audience.
MS
michele shaffer
I enjoyed the course session and learned a lot. The instructor’s teaching style was very good and helped me retain the information being presented. The query session component of the course was very helpful in fully comprehending the material
SD
Scott DeLucas , EA
The webinar was easy to understand and made the learning experience remarkable. The questions are relevant to the material. The software is also set up well making navigation very easy. Great work done by myCPE
ADG
Ahnal De Gamarra , AFSP
The course content was well organized. I particularly liked the interim review questions and the fact that the instructor repeated/reinforced concepts from earlier in the session. Also, the material was presented in a clear, understandable way with examples.

NASBA Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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: www.NASBARegistry.org.

IRS Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary

CTEC Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

upcoming Live CPE Webinars

Building a Framework for Regulatory Ethics
Friday, February 21, 2020 | 09:00 AM EST View Details/Register
HANDLE IRS AUDIT, APPEALS, COLLECTION & LITIGATION (LATEST 2019)
Friday, February 21, 2020 | 11:00 AM EST View Details/Register
Year end tax update : FCCA 2020 & SECURE ACT. (Latest 2019)
Friday, February 21, 2020 | 12:00 PM EST View Details/Register
Characteristics of Management involved in Financial Reporting Fraud
Friday, February 21, 2020 | 01:00 PM EST View Details/Register
Fiduciary Income Tax Refresher and Latest Update 2019 Tax Season
Friday, February 21, 2020 | 02:30 PM EST View Details/Register
S Corporation Preparation, Basis Calculations & Distributions – Form 1120S Schedule K & K-1 Analysis
Monday, February 24, 2020 | 09:00 AM EST View Details/Register
THE POWER OF ZERO: HOW TO GET TO THE 0% TAX BRACKET IN RETIREMENT
Monday, February 24, 2020 | 11:00 AM EST View Details/Register
INTERNATIONAL TAX: CONCEPTS IN A GLOBAL SOCIETY
Monday, February 24, 2020 | 12:00 PM EST View Details/Register
Advanced Ethical and Liability Subjects of Conflicts of Interest, Independence, Fiduciary Duty, and Tax Ethics Liability (Latest 2020)
Monday, February 24, 2020 | 01:00 PM EST View Details/Register
Communicating Financial Information to Non-Financial People
Monday, February 24, 2020 | 02:00 PM EST View Details/Register
A Brief History of Marriage in the Tax Code
Tuesday, February 25, 2020 | 12:00 PM EST View Details/Register
Introduction to the Professional Knowledge Firm (aka Firm of the Future)
Tuesday, February 25, 2020 | 12:00 PM EST View Details/Register
Best Practices for Lease Accounting Adoption: Lessons Learned
Tuesday, February 25, 2020 | 01:00 PM EST View Details/Register
Household Employment: 2020 Tax & Labor Law Updates
Tuesday, February 25, 2020 | 01:00 PM EST View Details/Register
Irrational Logic: How Our Brain Wiring Impacts Financial Decisions
Tuesday, February 25, 2020 | 01:30 PM EST View Details/Register
  • Cost $10
  • CPE Credits 1
  • CE Credits 1
  • IRS Course ID GEHNZ-T-00022-19-O
  • CTEC Course ID 6273-CE-0001
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? Enrolled Agent Tax Practitioners Accountant Others CPA - Small Firm CPA - Mid Size Firm Tax Pros Tax Firm Tax Accountant (Industry) Tax Director (Industry)
  • Handout Material Download

upcoming Live CPE Webinars

Building a Framework for Regulatory Ethics
Friday, February 21, 2020 | 09:00 AM EST View Details/Register
HANDLE IRS AUDIT, APPEALS, COLLECTION & LITIGATION (LATEST 2019)
Friday, February 21, 2020 | 11:00 AM EST View Details/Register
Year end tax update : FCCA 2020 & SECURE ACT. (Latest 2019)
Friday, February 21, 2020 | 12:00 PM EST View Details/Register
Characteristics of Management involved in Financial Reporting Fraud
Friday, February 21, 2020 | 01:00 PM EST View Details/Register
Fiduciary Income Tax Refresher and Latest Update 2019 Tax Season
Friday, February 21, 2020 | 02:30 PM EST View Details/Register
S Corporation Preparation, Basis Calculations & Distributions – Form 1120S Schedule K & K-1 Analysis
Monday, February 24, 2020 | 09:00 AM EST View Details/Register
THE POWER OF ZERO: HOW TO GET TO THE 0% TAX BRACKET IN RETIREMENT
Monday, February 24, 2020 | 11:00 AM EST View Details/Register
INTERNATIONAL TAX: CONCEPTS IN A GLOBAL SOCIETY
Monday, February 24, 2020 | 12:00 PM EST View Details/Register
Advanced Ethical and Liability Subjects of Conflicts of Interest, Independence, Fiduciary Duty, and Tax Ethics Liability (Latest 2020)
Monday, February 24, 2020 | 01:00 PM EST View Details/Register
Communicating Financial Information to Non-Financial People
Monday, February 24, 2020 | 02:00 PM EST View Details/Register
A Brief History of Marriage in the Tax Code
Tuesday, February 25, 2020 | 12:00 PM EST View Details/Register
Introduction to the Professional Knowledge Firm (aka Firm of the Future)
Tuesday, February 25, 2020 | 12:00 PM EST View Details/Register
Best Practices for Lease Accounting Adoption: Lessons Learned
Tuesday, February 25, 2020 | 01:00 PM EST View Details/Register
Household Employment: 2020 Tax & Labor Law Updates
Tuesday, February 25, 2020 | 01:00 PM EST View Details/Register
Irrational Logic: How Our Brain Wiring Impacts Financial Decisions
Tuesday, February 25, 2020 | 01:30 PM EST View Details/Register