Bookmark Add to Calendar

Due Diligence Steps for Form 1099

4871
07-December-2022 :01:00 PM EST Duration : 60 Minutes

This course, has been approved for 1 HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®).


Jason Dinesen,

Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on accounting and bookkeeping services, tax preparation and business advising to individuals with a business focus ranging from home-based businesses to multistat Read more


This course will cover compliance aspects relating to the new Form 1099-NEC, and the Form 1099-MISC. We will start by discussing the basics of 1099s including who must file, which transactions are reportable, and who receive 1099. We will then discuss due diligence steps for determining who is a contractor vs. who is an employee, and how to effectively use Form W-9. We will also discuss filing issues including due dates, the e-filing mandate, and penalties for late filing, and how to reply to CP-2100 notices from the IRS regarding mismatches in taxpayer identification numbers.

Why Should You Attend:

Learn about changes to the Form 1099 for 2020, including the introduction of a new form (Form 1099-NEC), how to tell the difference between an employee and a contractor, how to use Form W-9 effectively, IRS penalties and ways out of penalties, and how to respond to IRS notices.

Course Outline:

•  The basics, including who, issue 1099s, what transactions are reportable, and who gets 1099
•  Form 1099-MISC and 1099-NEC changes for 2020
•  Employee vs. Contractor: why it’s important and how to tell the difference
•  Using Form W-9 for better compliance
•  TIN verification
•  IRS letters and how to respond
•  Backup withholding
•  Paying reimbursements to contractors: 1099 reportable or not
•  Form 1099-K and its interaction with the 1099-MISC/1099-NEC

What You Get:

• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points

Who Will Benefit:

• CFOs and controllers
• Accounts payable and accounting managers
• Accounts payable processing professionals
• Employers and Business owners
• Purchasing managers and professionals
• Public accountants, CPAs and Enrolled Agents
• Bank Managers
• Compliance Officers
• Information Reporting Officers
• Tax Managers
• Auditors
• Risk Managers

Please reach us at 1-888-844-8963 for any further assistance or if you wish to register

Get In Touch

Subject : Due Diligence Steps for Form 1099


Similar Trainings

Financial Analysis - Insights on Ratio Analysis to Determine Financial Strength and Weaknesses
LIVE : Scheduled on 08-December-2022 :03:00 PM EST
Why EBITDA Doesn’t Spell Cash Flow
LIVE : Scheduled on 15-December-2022 :03:00 PM EST
paypal payment Comodo

Copyright ©2022 Signup Training. All rights reserved.