Live Webinar

100-minute live streaming program
  • October 20
  • 1:00 - 2:40 pm EST

Also available as:

OnDemand Course
MP3 Download

IRS Form 1099 Reporting Update

October 20

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. We will discuss the rules for issuing various 1099 forms to different 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 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.

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Why Lorman?

Over 35 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 Forms
  • Use of Form 1099-Misc
  • Use of the New Form 1099-Nec
  • Use of Form 1099-Int
  • Use of Various Other Types of 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 35 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

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a 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: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: basic knowledge of taxation. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure 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. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

OnDemand Course

This course was last revised on November 30, 2021.

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

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • CPE/NASBA - QAS Self Study 3.0 including Taxes 3
     
  • 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: 3.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 3.0 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.
     

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for accountants, CFOs, controllers, accounts payable professionals, tax managers, tax preparers, presidents, vice presidents, bookkeepers, and enrolled agents.

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Why Lorman?

Over 35 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, CPA

Josie A. Henneke, 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
  • Was 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 35 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.

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Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

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

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Product ID: 410123
Published 2021, 2022
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