Learn how to complete the 1099-S form properly and accurately.
When certain types of real estate are sold, the IRS requires that a Form 1099-S be filed. The purpose of this form is to ensure that sellers are properly reporting their gross proceeds and recognizing the property capital gain on the annual income tax return. This topic will help to explain the requirements for filing Form 1099-S and will provide guidance on how to properly complete the Form 1099-S. This information is a must for those who struggle with 1099-S reporting, as it will look into the details of when the form is required and how to complete it properly and completely.
Learning Objectives
- You will be able to identify the background and requirements to file the Form 1099-S.
- You will be able to differentiate what information is reported in which box of the Form 1099-S.
- You will be able to identify when and who must file the Form 1099-S.
- You will be able to recognize the exceptions and exemptions for filing the Form 1099-S.
Credit
More Program Information
Why Lorman?
Over 33 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
Introduction to Form 1099-S
- Who Must File
- Deadlines for Filing
- What Information Is Required
Types of Reportable Transactions
- Transactions Requiring Form 1099-S
- Exempt Transferors
- Exempt Transactions
Case Studies
Credit
More Program Information
Why Lorman?
Over 33 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 Webinar
This course was last revised on June 5, 2019.
Call 1-866-352-9540 for further credit information.
CPE/NASBA - QAS Self Study 2.8 including Specialized Knowledge 2.8
- 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: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 2.8 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.
Credit
More Program Information
Why Lorman?
Over 33 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
Brian T. Lovett, CPA, CGMA, JD
WithumSmith+Brown
- Partner in the East Brunswick, NJ office of WithumSmith+Brown PC
- Practice emphasizes all aspects of real estate
- Conducts regular seminars and workshops on numerous tax issues impacting the real estate industry
- Author of several publications related to various real estate matters
- J.D. degree, Rutgerts Law School- Camden; B.S. degree in accountancy, The College of New Jersey
- Can be contactd at [email protected], 732-964-9343 or on Twitter® @briantlovett
Credit
More Program Information
Why Lorman?
Over 33 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.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
Additional benefits include:
- State Specific Credit Tracker
- Members Only Newsletter
- All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
