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OnDemand Course

IRS Form 1099 Reporting

Gain insights into mastering the intricate nuances of 1099 forms.

Tax professionals thrive on their ability to navigate the intricate maze of tax documentation, ensuring that their clients remain compliant and optimize their financial positions. Understanding the nuances of the 1099 forms has never been more critical. The 1099 forms, which report various types of income received throughout the year other than salaries, are fundamental in the tax world. This presentation will help tax professionals not only bolster their knowledge but also ensure they're equipped to offer comprehensive guidance to clients, particularly those with diverse income streams. This deepened expertise translates to enhanced credibility in the field, the potential for business growth, and the assurance of providing a service grounded in thoroughness and precision.

Learning Objectives

  • You will be able to differentiate between the various Form 1099s
  • You will be able to identify filing dates for the Form 1099s
  • You will be able to recognize which type of entity files the form
  • You will be able to identify the reporting thresholds for various Form 1099s

98 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Information Returns

  • What Is an Information Return?
  • What Is the Purpose of an Information Return?
  • The Information Reporting Explosion

1099 Forms

  • History of 1099
  • 1099 Variations
  • 1099 NEC - and Other Recent Developments

1099 Income

  • Sixteenth Amendment
  • Tracking Taxpayer Income
  • CP 2000

1099 - Visions of the Future

  • Additional IRS Funding
  • Information Technology Infrastructure
  • Artificial Intelligence and Machine Learning
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on October 20, 2023.

Call 1-866-352-9540 for further credit information.

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE/NASBA - QAS Self Study 2.6 including Taxes 2.6
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.6 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.6 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Steven A. Leahy

Steven A. Leahy

Law Office of Steven A. Leahy, PC

  • Tax attorney and founder of Opem Tax Advocates
  • Helps business professionals overcome their tax problems forever
  • Has extensive knowledge and experience in the laws of IRS collections, the United States Bankruptcy Code, and Illinois foreclosure law
  • Host of the popular radio show, The IRS Radio Hour, heard in the Chicago area each Sunday at 5:00 pm on AM 560 The Answer
  • Hosts a daily podcast, Today’s Tax Talk, and is a frequent guest on Chicago area radio and television shows, including WGN Radio, WLS Radio, WLS Channel 7, and WFLD Channel 32
  • Author of the book Deal With Your IRS Problems Today
  • Has conducted continuing legal education classes on IRS collections and bankruptcy laws to attorneys throughout the United States
  • Fully licensed to practice law in the United States Supreme Court, United States Tax Court, State of Illinois, State of Tennessee, Northern District of Illinois, Central District of Illinois, and Middle District of Tennessee
  • Graduate, cum laude, John Marshall Law School; LL.M. degree, with honors, John Marshall Law School; graduated with a degree in business administration, finance, Loyola University in Chicago
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

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Product ID: 410876
Published 2023
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