MYCPE ONE

Form 1099 Latest Developments

Form 1099-NEC Changes and More for 2021

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Conference Overview

How Pursuing 1099 CPE Can Help You Outshine the Competitors?

As a tax practitioner, you’re most probably aware of how much the IRS likes 1099 forms.

These are the forms that let taxpayers accurately report their income generated from sources other than salary or job wages. When someone receives a 1099 form, he/she mustn’t ignore it because the IRS gets a copy of the same too.

And this is the reason why pursuing 1099 CPE makes you a valuable asset to your clients.

Keeping up with the changes in tax regulation from year to year can be challenging only if you are not aware of it.

This online CPE virtual conference will prepare a practitioner for 1099 reporting obligations. Much of our focus will be on Form 1099-NEC and contract labor reporting, but we will also cover Form 1099-MISC, and other forms a practitioner is likely to see in day-to-day practice. We will also cover how to tell the difference between an employee and a contractor, and how a client can possibly get penalty relief in an audit of this subject. We will also cover specialized topics, including whether or not rental owners need to send 1099s to contractors, interest payments on loans from S-corporation shareholders.

Register now for IRS 1099 Compliance, and in just four hours, our speaker Jason Dinesen will provide the latest, most up-to-date information you need to understand the complex classification and reporting tax rules. Don’t wait until it’s too late to act!

Completed

Continuing Education Credits

The sessions of the conference qualifies for

Qualification Credits Subject Area
CPA (US) 4 Taxes
Accountant/Bookkeeper/Tax Professionals 16 All
EA 2 All
AFSP 4 All
ORTP 4 All
Maryland Tax Preparer 4 All
CWS 4 All
CFIRS 4 All
4 All

Sessions

Jan 21st, 2022

Speakers:
Speaker Name
Jason Dinesen

President
Dinesen Tax & Accounting, P.C.

  • 4.7
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Although taxpayers may not like receiving tax documents, such as 1099s, and businesses probably like issuing them even less, 1099s are important since they keep track of income that isn't recorded in a person's wages or salary.

Form 1099-MISC presents a special set of reporting problems. It is used to report a number of types of payments with different requirements for each type of payment. Form 1099 MISC Reporting can be confusing … Failing to meet all the 1099 filing requirements can be costly.

Major topics covered in this online CPE session:

  • Information Returns
  • Filing requirements and the FIRE system
  • A walk-through Form 1099-MISC
  • Correcting Errors
  • SSN, TIN, EIN: Tax ID numbers and Form W-9
  • TIN Solicitation & "B" Notices
  • TIN Verification
  • Backup Withholding
  • Penalties and Problems

Learning Objectives

  • To identify the types of 1099s and how they are used
  • To identify key boxes on the Form 1099-MISC

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Jason Dinesen

President
Dinesen Tax & Accounting, P.C.

  • 4.7
  • rating
  • rating
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With the new updates to Forms 1099-MISC and 1099-NEC, the 1099 filing season has added a whole new layer of complexities. Whether you are new to the 1099 filing process or seeking an update, this CPE session will help minimize 1099 filing mistakes while breaking down the toughest 1099 payee and reporting situations as part of an in-depth box-by-box review of the recently revised Form 1099-MISC and new Form 1099-NEC.

Form 1099 Non-Employee Compensation (NEC) is a revised and updated version of a previously discontinued form that allows companies to report compensation paid to nonemployees, contractors, vendors and consultants alike.  In this specialized CPE session, you’ll learn why the form was resurrected, as well as other important details, such as:

  • How to prepare the form
  • Differences from and changes to Form 1099-MISC
  • Avoiding mistakes and fines
  • Publication 1220 and e-filing

This online CPE session will provide tax practitioners and other professionals with the necessary expertise to prepare and file Form 1099-NEC for reporting compensation paid to nonemployees and other independent contractors.

Learning Objectives

  • To identify what is form 1099-NEC 
  • To identify who is a contractor
  • To determine the IRS 3-factor test relating to contractor vs. employee
  • To identify other agencies that could audit a client
  • To determine the appropriate relief options for a client in an audit
  • To describe the Form SS-8
  • To describe the Form 8919
  • To review form W-9

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Jason Dinesen

President
Dinesen Tax & Accounting, P.C.

  • 4.7
  • rating
  • rating
  • rating
  • rating
  • rating

Whether you’re operating a business domestically or internationally, in order to succeed, you need quality team members to get the job done. Paying those workers as independent contractors, however, can be risky if your company is operating in foreign markets. There are many factors to consider when paying foreign contractors if you want to stay in compliance, minimize operational costs and keep valued contractors happy on the job.

While there are many types of 1099 forms, they all serve the same purpose; they are used by taxpayers to provide information to the Internal Revenue Service (IRS)

In this online CPE session, we will discuss all listed situations that leads to filing of form 1099:

  • Rental Activities
  • Rental real estate enterprise
  • Loans and interest payments
  • Payments to foreign contractors

Learning Objectives

  • To discuss about the 80-year-old question of whether the rental activity is a business
  • To identity the key factors in Revenue Procedure 2019-38
  • To discuss about loans from shareholders and properly reporting interest payments
  • To identify key concepts relating to foreign contractors

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Jason Dinesen

President
Dinesen Tax & Accounting, P.C.

  • 4.7
  • rating
  • rating
  • rating
  • rating
  • rating

Whether you’re operating a business domestically or internationally, in order to succeed, you need quality team members to get the job done. Paying those workers as independent contractors, however, can be risky if your company is operating in foreign markets. There are many factors to consider when paying foreign contractors if you want to stay in compliance, minimize operational costs and keep valued contractors happy on the job.

While there are many types of 1099 forms, they all serve the same purpose; they are used by taxpayers to provide information to the Internal Revenue Service (IRS)

In this online CPE session, we will discuss all listed situations that leads to filing of form 1099:

  • Rental Activities
  • Rental real estate enterprise
  • Loans and interest payments
  • Payments to foreign contractors

Learning Objectives

  • To discuss about the 80-year-old question of whether rental activity is a business
  • To identity the key factors in Revenue Procedure 2019-38
  • To discuss about loans from shareholders and properly reporting interest payments
  • To identify key concepts relating to foreign contractors

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Session Speakers

Top Tax Speaker | Jason Dinesen
Jason Dinesen

President
Dinesen Tax & Accounting, P.C.

Jan 21st, 2022

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Reviews and Ratings

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DS

Dawna Scheff, Certified Public Accountant (CPA)
3 ratingratingratingratingrating

The sign up experience was terrible due to a technical issue on myCPE's side - and the amount of time it took to get corrected. Then it didn't show up in my dashboard. That aside - it was a great program at a great price. Would definitely still recommend.

DT

David Then, Staff or Senior
5 ratingratingratingratingrating

Very informative, Great CPE

Frequently Asked Questions

Virtual conference with MYCPE ONE is enveloped around a theme or subject or driven towards a particular audience, and is designed to be more collaborative; with a tremendously interactive agenda, panel discussions, and gives an option to all participants being able to turn their web cameras on and participate more actively. Virtual conference offers multiple sessions over a longer time frame of more than 8 hours. Virtual conferences help build a community or initiate networking opportunities.

MYCPE ONE is seamlessly integrated with ZOOM for conducting continuing education events. Please ensure that you check the system requirements before the event starts. The system requirements are :

  • An internet connection – broadband wired or wireless (3G or 4G/LTE)
  • Speakers and a microphone (required in case of interactive sessions) – Built-in, USB plug-in, or wireless Bluetooth
  • A webcam or HD webcam - built-in, USB plug-in (required in case of interactive sessions)
  • CLICK HERE to view the System Requirements for Zoom.

There is an official break scheduled for this workshop/events. Other than the scheduled break, the in-session breaks shall be available at discretion of the speaker.

The MYCPE ONE virtual events are designed to impart education around a specific theme or subject from a basic to an advanced level, which is why we do not recommend you to leave the event in between. However, if you had to leave the event because of some unforeseen circumstances, you would be granted the credits for the sessions that you attended completely and wherein you answered all the polling questions.

The recording of the event can be made available to you, on request. You can reach out to us at support@my-cpe.com or can also let us know through live chat support if you need a recording for this event. However, the recording shall not be available for Continuing Education Credits.


During every conference the chat panel shall always be open. You can mention the issue faced by you in the chat panel and our moderator will take it up for resolution shortly. You can also reach out to our support team in the live chat support or at support@my-cpe.com