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This activity 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). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org." ...more

Overview

This webinar will cover the new Form 1099-NEC, plus corresponding changes to the 1099-MISC for 2020 and beyond. We’ll cover which form gets used and when, who exactly is a contractor, and how to handle reimbursements to a contractor.

We will also cover the basics of 1099s in general, such as who needs to file, what types of 1099s there are, how to file, penalties, and dealing with IRS letters.

Why you should Attend

Penalties relating to 1099s can be large, and the regulatory landscape is changing all the time. This webinar will cover the new Form 1099-NEC, plus corresponding changes to the 1099-MISC for 2020 and beyond. We’ll cover which form gets used and when, who exactly is a contractor, and how to handle reimbursements to a contractor. This course will help you stay in compliance with your 1099 filing obligations.

Areas Covered in the Session

• The new 1099-NEC
• Changes to the 1099-MISC
• The basics: what is a 1099?
• What transactions are reportable?
• What is the due date?
• Electronic filing mandate
• Penalties
• IRS letters
• Form 1099-K and its interaction with other 1099s
• Reimbursements to contractors
• Contractor vs. employee
  

Who Will Benefit

• Office Managers
• Bookkeepers
• Payroll Professionals
• Accountants