RECORDED TRAINING COURSE

Form 1099 reporting has always been tricky, and changes in 2020 and 2021 continue to increase the reporting burden. Tucked away in the American Rescue Plan was a change to reporting on a form called a 1099-K, which has an interaction with contract labor reported on the 1099-NEC. More and more contractors are taking payment via apps such as Venmo – how are those payments reported? Or are they reported at all? These are among the things you’ll learn in this fast-paced, 1-hour webinar.

 SESSION HIGHLIGHTS:

• A look at the 2021 version of the 1099-NEC and 1099-MISC
• What is a 1099?
• Who gets a 1099?
• When do corporations get 1099s?
• A review of medical payments and legal payments
• How to file 1099s?
• Form 1099-K updates and interactions with the 1099-NEC
• Form W-9 updates and discussion
• Dealing with reimbursements to contractors
• Who exactly is a contractor?

Why You Should Attend:

This webinar will covers the latest updates businesses need to be aware of with the 1099-NEC and 1099-MISC. This includes changes in the American Rescue Plan relating to Form 1099-K, which in turn affects the 1099-NEC and 1099-MISC. We will also cover topics such as: how (or if) you report payments made to contractors through Venmo. We also cover the basics such as what is a 1099, who gets a 1099, what are “medical payments” and what are “legal payments”?

Who Should Attend:

• Accountants
• Tax preparers
• Human resources professionals
• Payroll professionals