Purchase any WEBINAR and get
10% Off
CODE: SAVE10
T&C applicable, please referFAQ
Validity : 11th Apr'24 to 21st Apr'24
IRS Form 1099 Reporting: Compliance Requirements - SHRM & HRCI Accredited
- Introduction about 1099s/basic overview
- Who files a 1099-MISC
- Who receives a 1099-MISC
- When do corporations get a 1099-MISC
- Medical services and Form 1099-MISC
- Employee vs. contractor: why is this important and how do you tell the difference?
- Dealing with reimbursements to contractors
- Form W-9 and why it is important, and how it relates to the 1099-MISC
- Backup withholding
- IRS notices
- Due dates, how to file with the IRS, and penalties for late filing
- Form 1099-K and its interaction with the 1099-MISC
- Rental property and Form 1099-MISC
- Using Form 1099-C (cancellation of debt) as a collection method
Overview of the webinar
Form 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 de-mystify some of the tricky areas relating to Form 1099-MISC, such as when a 1099 should be issued and whether a worker is a contractor or an employee. The main focus of this presentation is on “box 7” (independent contractor pay) but we cover other 1099-MISC topics as well.
Who should attend?
- HR Professionals
- Office managers
- CFOs and controllers
- Tax preparers
- Accountants
- Accounts payable and accounting managers
- Accounts payable processing professionals
- Employers and Business owners
- Public accountants, CPAs and Enrolled Agents
- Purchasing managers and professionals
Why should you attend?
- Learn how and when a 1099-MISC should be filed
- Learn who receives a 1099-MISC
- What is the difference between an independent contractor and an employee, and why is it important to classify workers properly?
- Learn about due dates and penalties for late filing
- Learn how to file with the IRS and when e-filing is required
- Learn about the interaction between Form 1099-K and Form 1099-MISC
- Do rental properties/landlords issue 1099s?
Faculty - Mr.Jason Dinesen
Jason Dinesen 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 multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College. He started his practice in 2009.
Credits
ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.
HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org