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OnDemand Course

IRS Form 1099 Reporting Update

Don't expose yourself to compliance violations.

Find out everything you need to know about Form 1099. Learn best practices for managing 1099 Form compliance including the rules for issuing various types of 1099 Forms to various types of vendors. Gain confidence in the decisions and distinguish between an employee and a true subcontractor to whom you issue a 1099 Form.

Learning Objectives

  • You will be able to recognize the purpose and requirements in the reporting of the Form 1099 MISC.
  • You will be able to identify who receives and who issues the Form 1099 MISC.
  • You will be able to differentiate between what is reported in each box of the Form 1099.
  • You will be able to recognize best practices when preparing the Form 1099 MISC.

Runtime: 97 minutes
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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

Purpose of 1099 Form

  • Use of Form 1099-MISC
  • Use of From 1099-INT
  • Various Types of 1099 Forms in Addition Other 1099 Forms

Compliance Issues

  • Reporting Requirements
  • Penalties for Failure to Comply
  • Electronic vs. Paperless Filing

Good Practices

  • Preparing 1099 Forms
  • IRS Correspondence on Incorrect ID Numbers
  • Records Retention
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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 Course

This course was last revised on February 14, 2020.

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

  • 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: 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: 2.6 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 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

Josie A. Henneke, CMI, CPA

Josie A. Henneke, CMI, CPA

AGS Capital, LLC

  • CFO of AGS Capital LLC, a venture capital firm with multistate investments
  • Oversees compliance and preparation of various 1099 forms for over ten companies each year
  • A member of the Institute of Professionals in Taxation for over twenty years
  • Member of AICPA and Indiana CPA Society
  • Regularly instructs in tax matters for Lorman Education Services, IPT, and other organizations
  • Worked for the Indiana Department of Revenue for 16 years
  • QuickBooks® expert
  • B.S. degree, Indiana University
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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
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Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
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* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 407560
Published 2020
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