RECORDED TRAINING COURSE
This webinar will cover the new Form 1099-NEC, last seen in 1983. This is the new form for reporting contract labor. In addition to discussing the new form, we will talk about how to know if someone is a contractor or an employee, and whether or not reimbursements to contractors are reportable.
We’ll also cover Form 1099-MISC changes, and also the most-common boxes on this form and when a business uses them. Examples include: rent, other income (and a discussion of “what is other income?”), medical and healthcare payments, and payments to attorneys.
SESSION HIGHLIGHTS:
- The new Form 1099-NEC
- Changes to Form 1099-MISC
- Who is a contractor?
- Are reimbursements reportable on the 1099?
- Form 1099-MISC scenarios:
- What is rent?
- What is “other income”?
- What are medical and healthcare payments?
- When are payments to an attorney reportable?
Why you should Attend:
For the first time since the early 1980s, the IRS has changed the way businesses report contract labor payments. No longer do those payments go in box 7 of Form 1099-MISC. Instead, businesses use Form 1099-NEC. This webinar will cover the new form, changes to Form 1099-MISC, and other things to be aware of with 1099s.
Who Should Attend:
- Payroll Professionals
- Office Managers
- Bookkeepers
- Accountants
Recorded Version: Unlimited viewing for 365 days ( Access information will be emailed 24 hours after the completion of live webinar).
Jason T. Dinesen , LPA, EA is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on tax and accounting services for small businesses and individuals. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of educational seminars.
