Regardless of its structure (sole proprietor, corporation, etc.) that makes “reportable transactions” during the year, any business is required to issue a 1099  to the recipient of income and the IRS. IRS 1099-MISC compliance is a surprisingly complicated compliance requirement for businesses and accountants. The requirements are always changing, and answers are seldom clear-cut. This course will demystify some of the tricky areas relating to 1099-MISC, such as when the 1099 should be issued and whether a worker is a contractor or an employee.

This Online course includes the latest update on 1099-NEC which is being Resurrected by IRS & will be used to report payments made to independent contractors. Independent Contractors receive 1099 instead of IRS  W-2. W-9 will also be discussed. Although, many don’t understand or underestimate the power of W-9. 

W-9 is a simple  also known as Request for Taxpayer Identification Number and Certification Number. The speaker will expel the myth around. 

There are over 20 types of 1099s; this webinar will focus on the 2 most common types —  1099-NEC and 1099-MISC — while touching on many other types. This webinar will cover a wide range of topics to help you and your clients stay in compliance with 1099 issues. 

To stay compliant, practitioners must know what to use to report specific transactions when must be filed or furnished to recipients to be on time, which information to include, and how to make sure it is accurate.

• To explain how to determine payment amounts.
• To analyze when corporations receive 1099.
• To identify the 1099-K exception to issuing 1099.
• To review the requirements for sending 1099s to the recipient.
• To explore how to file 1099s with the IRS, including possible changes to the electronic filing threshold.
• To discuss when a business needs to file 1099-MISC.
• To analyze the usage of W-9.
• To review and discuss CP-2100 letters and B-Notices.
• To identify when a business needs to do backup withholding.
• To explain the basics of 1099-INT.
• To identify changes to various other 1099.

Webinar covers the following Key Topics

• Issuing 1099s, part 1·
• Issuing 1099s, part 2
• How to file
• 1099-MISC
•  W-9
• CP-2100 Letters
• Backup withholding
• 1099-INT
• A quick rundown of what’s new with other types of 1099s

This webinar is ideal for accountants, bookkeepers, office managers, human resources professionals, and compliance professionals who need to stay current on the latest 1099 rules and regulations. He will also talk about, Independent Contractors,  Don’t miss this opportunity to learn from our expert presenters and gain the knowledge you need to stay compliant and protect your business. 

• Certified Public Accountants (CPAs)
• Certified Management Accountants (CMAs)
• Certified Bookkeepers (CBs)
• Certified Payroll Professionals (CPPs)
• Human Resources Managers
• Compliance Officers
• Accounting Managers
• Financial Controllers
• Business Owners and Manager

During the Q&A session following the live event, ask a question, and get a direct response from our expert speaker.

Important Notice for our “Live” Attendees: If you have enrolled in the “Live Webinar”, you will get your instruction kit before 24 hours of the live class.

For Recorded and E-transcript Participants: If you have signed up for the “Recorded” class or for the “E-transcript”, you will get access to the “Recording link” or the “PDF” within 24-48 hours of the live class.

SPEAKER

Jason Dinesen, LPA, EA

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.

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