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Form 1099 Update
Human Resources
S2R2024177
100 Minutes
Friday, February 2, 2024
- Thursday, February 29, 2024
Description
Overview of the webinar
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
• 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
Speaker
Steven Mercatante
Steven Mercatante, TIR Consulting LLC, is the principal and founder of TIR Consulting, LLC. He is a nationally recognized leader in tax reporting education and consulting on specialized compliance issues. He has conducted on-site consultation for corporate clients from across the world and led countless seminars and webinars for Convey Compliance Systems, IAPP, Balance Consulting, The Accounts Payable Network, Accounts Payable Now and Tomorrow, Progressive Business Conferences, The Center For Competitive Management, and more.
He is also a published author, with numerous articles published on tax and financial law, and he has authored and published a series of tax guides on topics such as: W-9/1099 & W-8/1042-S compliance and reporting, payment cards, U.S. State & Local Reporting, worker compensation issues, international tax compliance, and more.