The Lorman Blog

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

Everything You Need to Know: IRS Form 1099 Update

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

Sexual harassment persists even in companies that operate remotely. Learn how to identify types of sexual harassment and what kind of training is best fit for preventing it from happening in your organizations.

Posted on 08/24/20

Training is vital in the compliance of HIPAA for healthcare providers and business associates to ensure the guaranteed privacy and security of patients’ health information.

Posted on 11/30/23

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