Course Details

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Course Description

Any business – regardless of its structure (sole proprietor, corporation, etc) that makes "reportable transactions" during the year is requires 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. 

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. 

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. 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 risk of improper exemption claims by our payees and vendors? 
  • Different due diligence procedures that shield an issuer from penalties even when the forms contain incorrect information.

This webinar is recommended for everyone professional in Accounting industry including 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.

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

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
(319)
72%
24%
3%
1%
0%
  • 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.
IS
IRINA SHCHERBIK
Excellent presentation. myCPE always sends great instructors and they do a wonderful job of keeping everyone involved and the material engaging. Thank you.
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

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

Lucrative Real Estate Tax Strategies
Monday, March 02, 2020 | 10:30 AM EST View Details/Register
QuickBooks: Setting Up a Chart of Accounts
Monday, March 02, 2020 | 12:00 PM EST View Details/Register
PRE-IMMIGRATION TAX PLANNING STRATEGIES
Monday, March 02, 2020 | 12:00 PM EST View Details/Register
TIMESHEETS.COM: EASILY TRACK BILLABLE TIME & EXPENSE THAT SEAMLESSLY INTEGRATES QUICKBOOKS DESKTOP & ONLINE
Monday, March 02, 2020 | 12:00 PM EST View Details/Register
TAXATION FOR CANNABIS INDUSTRY (IRC 280E, Types of Entities, Opportunity Zones, 199A, R&D Credit etc.)
Monday, March 02, 2020 | 02:00 PM EST View Details/Register
ACCOUNTANTS & CPA FIRMS - 4 STEPS TO GAIN, RETAIN & EXPAND HIGH VALUE CLIENTS
Monday, March 02, 2020 | 04:00 PM EST View Details/Register
TAXATION OF PONZI CLAWBACKS & TAX REFUND FROM PONZI
Tuesday, March 03, 2020 | 11:00 AM EST View Details/Register
Why Put a Canary in a Coal Mine? - Measure what matters
Tuesday, March 03, 2020 | 12:00 PM EST View Details/Register
Annuity Basics with 2020 updates
Tuesday, March 03, 2020 | 02:00 PM EST View Details/Register
CIRCULAR 230 ETHICS (UPDATED 2019)
Tuesday, March 03, 2020 | 02:30 PM EST View Details/Register
TAXATION OF US EXPATRIATES: TAX YEAR 2019
Tuesday, March 03, 2020 | 03:30 PM EST View Details/Register
Email security for the small firm
Wednesday, March 04, 2020 | 09:00 AM EST View Details/Register
MAXIMIZE YOUR SAVINGS POTENTIAL THROUGH HEALTH SAVINGS ACCOUNTS (HSAS)
Wednesday, March 04, 2020 | 10:30 AM EST View Details/Register
Measuring and Managing Customer Profitability
Wednesday, March 04, 2020 | 12:00 PM EST View Details/Register
SEC Enforcement of Accounting and Reporting Regulation
Wednesday, March 04, 2020 | 01:00 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 Attorney Tax Practitioners Accountant Others CPA - Small Firm CPA - Mid Size Firm Tax Pros Tax Accountant (Industry) Tax Director (Industry) Accounting Practice Owners
  • Handout Material Download

upcoming Live CPE Webinars

Lucrative Real Estate Tax Strategies
Monday, March 02, 2020 | 10:30 AM EST View Details/Register
QuickBooks: Setting Up a Chart of Accounts
Monday, March 02, 2020 | 12:00 PM EST View Details/Register
PRE-IMMIGRATION TAX PLANNING STRATEGIES
Monday, March 02, 2020 | 12:00 PM EST View Details/Register
TIMESHEETS.COM: EASILY TRACK BILLABLE TIME & EXPENSE THAT SEAMLESSLY INTEGRATES QUICKBOOKS DESKTOP & ONLINE
Monday, March 02, 2020 | 12:00 PM EST View Details/Register
TAXATION FOR CANNABIS INDUSTRY (IRC 280E, Types of Entities, Opportunity Zones, 199A, R&D Credit etc.)
Monday, March 02, 2020 | 02:00 PM EST View Details/Register
ACCOUNTANTS & CPA FIRMS - 4 STEPS TO GAIN, RETAIN & EXPAND HIGH VALUE CLIENTS
Monday, March 02, 2020 | 04:00 PM EST View Details/Register
TAXATION OF PONZI CLAWBACKS & TAX REFUND FROM PONZI
Tuesday, March 03, 2020 | 11:00 AM EST View Details/Register
Why Put a Canary in a Coal Mine? - Measure what matters
Tuesday, March 03, 2020 | 12:00 PM EST View Details/Register
Annuity Basics with 2020 updates
Tuesday, March 03, 2020 | 02:00 PM EST View Details/Register
CIRCULAR 230 ETHICS (UPDATED 2019)
Tuesday, March 03, 2020 | 02:30 PM EST View Details/Register
TAXATION OF US EXPATRIATES: TAX YEAR 2019
Tuesday, March 03, 2020 | 03:30 PM EST View Details/Register
Email security for the small firm
Wednesday, March 04, 2020 | 09:00 AM EST View Details/Register
MAXIMIZE YOUR SAVINGS POTENTIAL THROUGH HEALTH SAVINGS ACCOUNTS (HSAS)
Wednesday, March 04, 2020 | 10:30 AM EST View Details/Register
Measuring and Managing Customer Profitability
Wednesday, March 04, 2020 | 12:00 PM EST View Details/Register
SEC Enforcement of Accounting and Reporting Regulation
Wednesday, March 04, 2020 | 01:00 PM EST View Details/Register