IRS FORM 1099 REPORTING REQUIREMENT (UPDATED 2019)

Course Details

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Course Description

Why file a Form 1099? It’s the law – and the IRS is increasing enforcement in this area. Who must issue a 1099? Generally, any business – regardless of its structure (sole proprietor, corporation, etc.) – that makes ""reportable transactions"" during the year must issue a 1099 to the recipient of income and to the IRS. What constitutes a reportable transaction depends on the nature of the transaction.

Learning objectives

  • Why file a Form 1099?
  • Who must issue a 1099?
  • What constitutes a reportable transaction

About Presenter

Jason Dinesen, EA, LPA

Advisor, Dinesen Tax & Accounting, P.C.

jason@dinesentax.com

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.
  • You must attend complete webinar and respond to all polling questions asked during the webinar. CPE is issued on 50 minute credit hour basis.
  • This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during/after the 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
(325)
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.
RF
Rochelle Fogg , CPA, Bookkeeper
Had to run it twice. For some reason, the percentage completed was off. Love the presenter. I learned something important that I did not know.
DM
Daniel Martin , CPA
The webinar was good. I did have an issue with the system not recognizing that I had watched the full video to unlock the test.
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.

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 (Sponsor ID# : 6273) 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

QuickBooks: Progress Invoicing and Job Costing
Tuesday, July 07, 2020 | 09:00 AM EDT View Details/Register
Cares Act Comprehensive Update (COVID-19)
Tuesday, July 07, 2020 | 09:00 AM EDT View Details/Register
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Tuesday, July 07, 2020 | 12:00 PM EDT View Details/Register
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Tuesday, July 07, 2020 | 12:00 PM EDT View Details/Register
Money Talks – Don’t Let it Walk – Prevent & Detect Cash Fraud
Tuesday, July 07, 2020 | 12:00 PM EDT View Details/Register
THE REBOUND: WILL WE RECOVER? 5 WAYS FIRMS CAN USE AUTOMATION TO QUICKLY SCALE UP POST PANDEMIC
Tuesday, July 07, 2020 | 01:00 PM EDT View Details/Register
SAS 134 - New AICPA Auditors Report
Tuesday, July 07, 2020 | 01:00 PM EDT View Details/Register
Estate Planning for IRAs Payable to Trusts After the Secure Act
Tuesday, July 07, 2020 | 02:30 PM EDT View Details/Register
Innocent Spouse Relief
Tuesday, July 07, 2020 | 03:00 PM EDT View Details/Register
ETHICS FOR TAX PROFESSIONALS (LATEST 2020)
Tuesday, July 07, 2020 | 03:30 PM EDT View Details/Register
Creating Error-Free Excel Spreadsheets
Tuesday, July 07, 2020 | 04:00 PM EDT View Details/Register
QuickBooks: Setting Up a Chart of Accounts
Wednesday, July 08, 2020 | 09:00 AM EDT View Details/Register
Fundamentals of Income Taxation of Trusts & Form 1041 Planning: What Every Advisors Needs to Know
Wednesday, July 08, 2020 | 09:00 AM EDT View Details/Register
Basis Calculations for Partners & LLC Members
Wednesday, July 08, 2020 | 10:00 AM EDT View Details/Register
Understanding & Adopting the New Revenue Recognition Standard
Wednesday, July 08, 2020 | 11:00 AM EDT 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 Finance Pros Bookkeeper Accountant CFO/Controller Business Owner Others QB Pro Advisor Non Profit Pros CPA - Small Firm CPA - Mid Size Firm CPA - Large Firm Cybersecurity Pros CPA (Industry) Young CPA Entrepreneurial CPA
  • Handout Material Download

upcoming Live CPE Webinars

QuickBooks: Progress Invoicing and Job Costing
Tuesday, July 07, 2020 | 09:00 AM EDT View Details/Register
Cares Act Comprehensive Update (COVID-19)
Tuesday, July 07, 2020 | 09:00 AM EDT View Details/Register
TAX-FREE RETIREMENT - POWERFUL STRATEGY OF INFINITE BANKING
Tuesday, July 07, 2020 | 12:00 PM EDT View Details/Register
Presenting in Teams Do’s and Don’t’s
Tuesday, July 07, 2020 | 12:00 PM EDT View Details/Register
Money Talks – Don’t Let it Walk – Prevent & Detect Cash Fraud
Tuesday, July 07, 2020 | 12:00 PM EDT View Details/Register
THE REBOUND: WILL WE RECOVER? 5 WAYS FIRMS CAN USE AUTOMATION TO QUICKLY SCALE UP POST PANDEMIC
Tuesday, July 07, 2020 | 01:00 PM EDT View Details/Register
SAS 134 - New AICPA Auditors Report
Tuesday, July 07, 2020 | 01:00 PM EDT View Details/Register
Estate Planning for IRAs Payable to Trusts After the Secure Act
Tuesday, July 07, 2020 | 02:30 PM EDT View Details/Register
Innocent Spouse Relief
Tuesday, July 07, 2020 | 03:00 PM EDT View Details/Register
ETHICS FOR TAX PROFESSIONALS (LATEST 2020)
Tuesday, July 07, 2020 | 03:30 PM EDT View Details/Register
Creating Error-Free Excel Spreadsheets
Tuesday, July 07, 2020 | 04:00 PM EDT View Details/Register
QuickBooks: Setting Up a Chart of Accounts
Wednesday, July 08, 2020 | 09:00 AM EDT View Details/Register
Fundamentals of Income Taxation of Trusts & Form 1041 Planning: What Every Advisors Needs to Know
Wednesday, July 08, 2020 | 09:00 AM EDT View Details/Register
Basis Calculations for Partners & LLC Members
Wednesday, July 08, 2020 | 10:00 AM EDT View Details/Register
Understanding & Adopting the New Revenue Recognition Standard
Wednesday, July 08, 2020 | 11:00 AM EDT View Details/Register