The Lorman Blog

Where training professionals and lifelong learners come for industry news, insights, and continuing education resources.

featured image

Everything You Need to Know: IRS Form 1099 Update

Posted on 09/20/21 By Lorman Team


Are independent contractors an essential part of your organization? Do you fully understand the current Form 1099 laws and reporting requirements?

If you are not up to date on IRS Form 1099, you risk exposure to compliance violations.

From now until the end of the year, Lorman will be hosting the course IRS Form 1099 Reporting Update that will discuss the purpose of 1099 forms, common compliance issues, and best practices for preparing 1099 forms, IRS correspondence, and record retention.

This course provides credits for AIPBNASBA, and Enrolled Agents. Discussion will range from the basics of IRS Form 1099 reporting to current issues related to independent contractors.

Inside the Course: IRS Form 1099 Reporting Update

This course will bring you up to speed on everything you should know about the current Form 1099 regulations.

Learn best practices for managing 1099 Form compliance, including rules for issuing various types of 1099 forms to various vendors. Gain confidence in decisions and learn to distinguish between an employee and true subcontractor to whom you issue a 1099 form.

Learning objectives for this course are as followed:

  • You will be able to define reasons for issuing 1099 forms
  • You will be able to explain the necessity of compliance with 1099 processing
  • You will be able to identify the unique situations where a 1099 form, other than Form 1099-MISC, is applicable
  • You will be able to recognize opportunities to enhance your company’s compliance

IRS Form 1099 Training Online

In today’s idiosyncratic world, busy professionals require comprehensive training programs that can be completed online at their convenience. With most in-person events cancelled or postponed this year, Lorman enables you to attend this live 1099 reporting updates training event without having to leave your home or office.  

IRS Form 1099 Reporting Update will also be available on-demand any time after purchase in a variety of recorded formats.

This course will take place on October 26th, November 23rdNovember 30thDecember 20th, and December 29th.

View this Course: IRS Form 1099 Reporting Update

 

Related Articles

Are independent contractors essential to your organization? Do you fully understand current Form 1099 laws and reporting requirements? If you're not up to date on IRS Form 1099, you risk exposure to compliance violations.

Posted on 09/21/20

An employee handbook refers to a company manual given to employees by an employer; and chances are, you need a guide on how to write an effective, compliant handbook that covers office rules, like drug use, dress code, and performance expectations.

Posted on 08/27/20

Many states have standard CPE deadlines on June 30th or July 31st. Do you have CPE requirements to fulfill by this summer?

Posted on 02/03/21