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
- IRS letters
- Form 1099-K and its interaction with other 1099s
- Reimbursements to contractors
- Contractor vs. employee
Who Will Benefit
- Office Managers
- Payroll Professionals
Jason T. Dinesen , LPA, EA is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on tax and accounting services for small businesses and individuals. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of educational seminars. Dinesen majored in corporate communications with a minor in management from Simpson College. He started his practice in 2009 and became a public accounting firm in 2013. Jason has been presenting on various tax topics since 2012, and now gives webinars almost daily.