A wide variety of professionals and organizations may need 1099 training for contract workers. If you are a business owner, freelancer, contractor, CFO, accountant, purchasing agent, accounts payable professional, controller, supervisor, manager, tax professional or any other professional who may need to hire or work with freelancer and contractor tax filing requirements, 1099 training for contract workers might be right for you.
What Is a Form 1099?
Form 1099 is a tax form that allows for the reporting of a worker’s income over the period of a year. It is similar to the W-9, but is only used with some freelancers and contractors who do not get regular hourly or salaried income. Individuals who earn income from real estate, investments, contractor work, freelance arrangements and other non-training income sources may need to file this form.
The laws concerning form 1099 are complex and always changing. Even accounting professionals may be unsure whether to file a W-9 or a 1099. In addition, different situations may require a 1099-B, a 1099-K or other form.
The stakes are high, as well. The IRS seeks penalties in cases where 1099s are not filed on time or correctly. Online 1099 training for contract workers is mandatory for anyone working as a freelancer or for anyone hiring contractors. With the IRS seeking to increase penalties for 1099 noncompliance, there has never been a more important time to seek this training.
1099 Training Contract Workers Resources
Why Lorman Education Services?
Lorman Education Services offers online 1099 training for contract workers designed for busy professionals. You can choose from online training, on-demand seminars, articles, audio training, personalized training and other solutions. Study at your own pace and train in those areas of 1099 regulations which are most relevant for you.
Training offered by Lorman Education Services is developed by tax professionals who focus on 1099 compliance, so you are learning from leaders in this field. In addition, Lorman Education Services is always updating its training solutions, ensuring you have the most up-to-date information and can stay aware of current IRS changes and proposed changes to 1099 filing requirements.
Lorman Education Services offers thousands of training materials, including a large selection of 1099 online training options. Self-study the subjects you need to know about starting today. Learn from e-books, PDFs, audio files and more. Access your materials from any device and sign up for the budget-friendly full-year membership to learn all you want about business management, 1099 forms, tax laws and other subjects for a full year.
If you are a freelancer, your training may be tax-deductible. If you are a legal professional or accounting professional, 1099 training can help you meet professional training requirements in your state. You can also choose to get on-site training or develop your own personalized training solutions with Lorman Education Services.
Lorman Education Services is fully committed to ensuring you have the training you need. Find out why more than 1.4 million professionals have already chosen Lorman Education Services for their training needs. Sign up for a full year membership to start training right now.