With constant revisions to Form 1099 and the related rule changes, it is crucial to remain up-to- date with the current information reporting laws to avoid those dreaded penalties and interest not to mention the time consumed to make corrections.
Changes to 1099’s covered by this program include the big new changes brought by the new Forms 1099-NEC and 1099-MISC
This program will address the top problems you need to watch out for when filing Forms 1099-MISC, 1099-NEC, 1099-S, 1099-B, 1099-DIV, 1099-INT, 1099-R, and 1099-K
Everything you need to know to prepare the Latest 1099 Forms:
- Changes to Forms 1099 and what information you need to be in compliance
- What to do if payments include both goods and services
- Rentals of personal property vs rentals of real property
- Payments to Attorneys & Health Care Professionals
- Judgment Payments and Forms 1099
Strategies to Remain Compliant with Proper Policies & Procedures:
- What is reportable and which Form 1099 to use
- Information reporting to non-profits
- Information reporting to Corporations, LLCs & other tricky classifications
Objectives:
- Updates on various 1099 forms and their respective reporting requirements
- Determine which form to use and what amounts are reportable
- Overview of latest penalty increases for noncompliance and possible abatement of penalties
- Tips for developing information reporting office procedures which reflect due diligence onthe part of the payer
REGISTRATION
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