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IRS FORM 1099 REPORTING REQUIREMENT (UPDATED 2019)

4.7 (3286)

Jason Dinesen, EA, LPA

Dinesen Tax & Accounting, P.C.

Thursday, January 16, 2020 | 12:00 PM EDT

  • AFSP
  • CPA
  • EA
  • Tax Preparer
  • Oregon Tax Preparer
  • CTEC

1 Credit

$10

Subject Area

Taxes

Upcoming Webinars

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(1)

Jun 18, 2021 | 09:00 AM EDT View Details

irs tax practice & procedure introduction

Jun 18, 2021 | 09:30 AM EDT View Details

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Jun 18, 2021 | 09:30 AM EDT View Details

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Jun 18, 2021 | 09:30 AM EDT View Details

advance irs learning: multiyear non-filing, criminal investigation, voluntary disclosure, whistleblower claims etc.

(2)

Jun 18, 2021 | 10:00 AM EDT View Details

tax strategies for real estate: crucial insights: acquisition and depreciation strategies

(5)

Jun 18, 2021 | 10:00 AM EDT View Details

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(1)

Jun 18, 2021 | 10:00 AM EDT View Details

best tax return workshop on s corporation (1120s) - latest

(3)

Jun 18, 2021 | 10:00 AM EDT View Details

are you creating legal liability when you hire or recruit online? - covid -19 special

(37)

Jun 18, 2021 | 10:00 AM EDT View Details

annual federal tax update - c & s corporations, partnerships & llcs (forms 1120, 1120s & 1065)

Jun 18, 2021 | 10:00 AM EDT View Details

yellow book boot camp - nfp and governmental accounting & auditing update

(1)

Jun 18, 2021 | 10:00 AM EDT View Details

partnership preparation, basis calculations & distributions–form 1065 schedule k & k-1 analysis

Jun 18, 2021 | 08:00 AM PDT View Details

comprehensive tax strategies & insights on real estate

(3)

Jun 18, 2021 | 08:00 AM PDT View Details

internal controls for businesses

(2)

Jun 18, 2021 | 08:00 AM PDT View Details

maximizing home office deduction (covid special - latest)

(7)

Jun 18, 2021 | 11:30 AM EDT View Details

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

Who Should Attend?

  • Accountant
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Others
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Firm
  • Tax Practitioners
  • Tax Pros

Testimonial

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    [average] => 4.6607
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4.7

(3286)
71%
25%
3%
1%
0%

MR

Really great course that anyone can relate to, whether you are a CPA, a contractor, a rental property owner or really - anyone! We all can be subject to 1099 filing requirements. It's very helpful material to understand.

MH

In presenting a program packed with useful, technical information, the speaker spoke in a fluent manner. The information was presented at a reasonable pace. I had no questions on the information presented. The displays were easy to read, very informative and answered any questions, which came to mind . The speaker was skilled in utilizing the displays in presenting the information of the webinar

CC

This was the best presentation of the year. No wasted time, presenters were excellent. The information was clear and questions were answered in a very professional manner. The presenter was great and her staff answered questions during the seminar providing insight to our everyday questions

CS

I found this course on "END OF YEAR PAYROLL CONSIDERATIONS FOR YOUR CLIENTS: W2, 1099 & K1 DISTRIBUTIONS" was interesting and the instructor was informative. I look forward to future subject/information along this line of material. Thank You!

CH

For those who need to know the fundamentals of classifying employees, this webinar is good place to start, The speaker very well presented the topics and did a great job at presenting the important pieces of information.

JL

This webinar was very informative on a subject that has had very little published about it - presented in a way that was easily understood. I've attended several of these webinars and they have all been VERY well done. I recommend them to anyone interested in learning more to help their clients.