1099 Reporting: 2017 and Beyond

Date: Monday, December 11, 2017
Instructor: Marcia Miller
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

As another year passes, we still are following the complicated revisions and repeals of the 1099 rules and the recent introduction to the IRS "amnesty" program for misclassified workers. It is imperative that we look back to the history of information reporting and be familiar with the rules that still remain or have been added to keep us compliant in the future.

Who Should Attend
Attorneys, CFOs, CPAs, Enrolled Agents, Accounts Payable and Human Resources Department Heads.

Topics Covered

  • Information Reporting Rules and Regulations & Its Future Impact for Businesses
  • Requirements for Compliance to Avoid New Penalty Costs
  • Independent Contractor Issues
  • IRS Voluntary Worker Classification Settlement Program (VSCP)
  • Legislative Developments affecting Forms 1099-B, 1099-C & 1099-K

Learning Objectives

  • Identify Internal Revenue Service's plan to minimize the "tax gap"
  • Recognize the new regulations and learn about 1099 Compliance to avoid costly penalties
  • Differentiate the current revised forms & regulations & anticipate what's next in the "World of 1099 Reporting"
  • Recognize the due date for companies electronically filing a 1099 in excess of 250
  • Identify the process to request additional time to file information returns
  • Differentiate backup withholdings and how they apply to different circumstances
  • Evaluate failures under Section 6721 and when to file correct information
  • Identify exceptions to penalties and when they apply
  • Recognize which form must be filed in order to transmit electronic information returns
  • Recognize reasonable cause for penalty abatement
  • Differentiate statements about 1042's
  • Define a foreign person
  • Recognize relief requirement under Section 530
  • Describe controls courts use to determine employee status
  • Identify types of behavioral, financial control, and the relationship of the parties
  • Recognize which form to report credit card payments reported by a third party on

Level
Intermediate

Format
Live webinar

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of 1099 Reporting.

Advance Preparation
None

Registration Options
Individual
Group
*Note: 3 or more qualifies for discounted Group Participant Fee

Fees
Regular Fee$79
Group Participant Fee$59
Unlimited Webinar Pass Fee$0

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