Form 1099-MISC Year-End Compliance Update


Jason Dinesen is a keynote speaker of Compliance Key. 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 a variety of clients and industries. 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.

Overview

Determining when a Form 1099-MISC needs filed can be difficult, and IRS penalties can make the situation even more complicated. This course will cover how to navigate when a 1099-MISC needs issued, who to send a 1099-MISC to, and how to deal with potential penalties. We will also discuss how payments made with a credit or debit card do not need a 1099-MISC issued. Also covered will be a new form " Form 1099-NEC " that will be used starting in 2021 for contract labor payments. The 1099 landscape has changed for 2020. Contract labor is reported on a new form this year - the 1099-NEC. This means the 1099-MISC has changed as well. This webinar will cover those changes so you can stay on top of your compliance responsibilities.

Why should you attend this webinar?

  • Learn compliance tips for 2020 filings of Form 1099-MISC
  • Learn about major changes coming to the reporting of independent contractor pay, including a new form to use for 2021
  • Learn about the interaction between Form 1099-K and Form 1099-MISC, and how a 1099-MISC may not always need issued if the transaction falls under the 1099-K rules
  • Learn how to tell the difference between a contractor and an employee, and why it is important
  • Learn about the importance of Form W-9

Areas Covered in the Session:

  • Form 1099-NEC
  • Who must file 1099s of any type
  • Who receives 1099s
  • When do corporations receive 1099s
  • Due dates and penalties
  • CP-2100 letters from the IRS
  • Contractor vs. employee: how to tell the difference
  • Form W-9 Updates
  • Form 1099-K and its Interaction with the 1099-NEC and 1099-MISC

Who can Benefit:

  • 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



Webinar Id: CKJD009

Training Options:

Duration: 60 mins

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 Recorded: [Six month unlimited access]

 $193 (Single Attendee)  $449 (Unlimited Attendee)

Refund Policy
Past Webinar of Jason Dinesen
Form 1099-MISC Year-End Compli....
Presenter: Jason Dinesen
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Form W9 & 1099s
Presenter: Jason Dinesen
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