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Course Level :Basic
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Credits :0.2
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Instructional Method :Nano Learning
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Pre-requisites :None
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Advance Preparation :None
Published : November, 2023
The Internal Revenue Service released Notice 2023-74 announcing the delay of the $600 threshold for reporting transactions on Form 1099-K for the second year in a row.
In this CPE course, tax expert Jason Dinesen sheds light on the recent IRS announcement regarding changes to Form 1099-K. The central focus is the postponed implementation of the proposed reporting threshold adjustment from 2023 to 2024.
This Course highlights the changes, emphasizing that the alterations pertain specifically to third-party processors like Venmo and PayPal, aiming to streamline the reporting of business transactions. It also covers the intricacies of Form 1099-K, highlighting its issuance by merchant or third-party processors for credit and debit card transactions exceeding $600.
As the IRS delays the implementation of the $600 threshold to 2024, this course outlines the agency's plan to set the threshold at $5,000. It provides viewers with a comprehensive understanding of the evolving landscape of Form 1099-K, equipping them to navigate the complexities of reporting and stay abreast of crucial updates in tax regulations.
Join this CE Tax Course, it is an insightful journey into the heart of Form 1099-K changes and stay ahead in the ever-evolving realm of tax compliance.
At this time, Nano-learning is not accepted by all state boards. If you are unsure whether your state board accepts Nano-learning, you can ask your state board or visit the NASBA registry.
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.
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President, Dinesen Tax & Accounting, P.C.
Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert and a well known presenter of continuing education courses. He has an impeccable acumen for tax subjects, by virtue of which, he is known to create very well researched course materials helping individuals and businesses with accounting, bookkeeping, tax preparation, and business advisory in various industries.
Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics and much more.
He has presented over dozens of webinars on Form 1099 (MISC & R); marriage in the tax code; tax updates; the new Form W-4, payroll updates, filing status, tax credit and other issues relating to the modern-day household setting.
Moreover, Jason is known to be producing every other webinar/course a little different and updated from the previous one. No wonder, he is a top ranked presenter whose webinars and self-study course materials are very well received by the audience.
He also teaches 2 classes at Simpson College, Individual Income Tax and Business Analytics.
Jason always had a knack for radio shows and has and regularly features as an anchor for Radio Iowa. To reinvent this aptitude, he has recently started his own series of podcasts on myCPE ‘The Jason Show’, an edutainment podcast series that also provides continuing credits to the listeners.
Jason was born and raised in Iowa and has a degree in corporate communications from Simpson College in Indianola. He has a big family that includes his wife, two sons, 5 cats and 3 dogs. Jason holds season tickets to University of Iowa football, and enjoys using his chainsaw. Topmost item in his 2022 bucket list is to learn how to properly ‘nose & taste’ whisky.
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.
32 Ratings
LG
Dec 29th, 2023
The short video was very informative and presented in a way that allowed me to stay engaged and understand the topic. I enjoyed learning more about the IRS delaying changes to the 1099-K threshold.
WP
Mar 21st, 2024
Very informative and useful.
MM
Nov 26th, 2023
Great course
MS
Dec 13th, 2023
It's Good
AK
Dec 28th, 2023
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