This webinar will covers the latest updates businesses need to be aware of with the 1099-NEC and 1099-MISC. This includes changes in the American Rescue Plan relating to Form 1099-K, which in turn affects the 1099-NEC and 1099-MISC. We will also cover topics such as: how (or if) you report payments made to contractors through Venmo. We also cover the basics, at the beginning, such as what is a 1099, who gets a 1099, what are “medical payments” and what are “legal payments”?
WHY SHOULD YOU ATTEND?
Form 1099 reporting has always been tricky, and changes in 2020 and 2021 continue to increase the reporting burden. Tucked away in the American Rescue Plan was a change to reporting on a form called a 1099-K, which has an interaction with contract labor reported on the 1099-NEC. More and more contractors are taking payment via apps such as Venmo - how are those payments reported? Or are they reported at all? These are among the things you’ll learn in this fast-paced, 1-hour webinar.
AREA COVERED
- A look at the 2021 version of the 1099-NEC and 1099-MISC
- What is a 1099?
- Who gets a 1099?
- When do corporations get 1099s? A review of medical payments and legal payments
- How to file 1099s
- Form 1099-K: updates and interactions with the 1099-NEC
- Form W-9 updates and discussion
- Dealing with reimbursements to contractors
- Who exactly is a contractor?
WHO WILL BENEFIT?
- Accountants
- Tax preparers
- Human resources professionals
- Payroll professionals
Form 1099 reporting has always been tricky, and changes in 2020 and 2021 continue to increase the reporting burden. Tucked away in the American Rescue Plan was a change to reporting on a form called a 1099-K, which has an interaction with contract labor reported on the 1099-NEC. More and more contractors are taking payment via apps such as Venmo - how are those payments reported? Or are they reported at all? These are among the things you’ll learn in this fast-paced, 1-hour webinar.
- A look at the 2021 version of the 1099-NEC and 1099-MISC
- What is a 1099?
- Who gets a 1099?
- When do corporations get 1099s? A review of medical payments and legal payments
- How to file 1099s
- Form 1099-K: updates and interactions with the 1099-NEC
- Form W-9 updates and discussion
- Dealing with reimbursements to contractors
- Who exactly is a contractor?
- Accountants
- Tax preparers
- Human resources professionals
- Payroll professionals
Speaker Profile
Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on accounting and bookkeeping services, tax preparation and business advising to individuals with a business focus ranging from home-based businesses to multistate corporations and not-for-profits. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College
Upcoming Webinars
Surviving and Thriving Organizational Change and Loss: The …
Impact Assessment and Risk Management for Change Control
Excel Deep Dive: Advanced Tips & Techniques – A 3-hour Work…
How to Write Effective Audit Observations: The Principles f…
Coming Soon - New Minimum Salary Levels for Exempt Employee…
Marijuana: Compliance and Safety in the Workplace
FDA Regulation of Artificial Intelligence/ Machine Learning
Stressed Out: How to Handle Conflict, Difficult People and …
2025 Top Employment Regulations That Will Impact Employers!
How to Handle Workplace Conversations Around Politics and R…
Data Integrity: Compliance with 21 CFR Part 11, SaaS-Cloud,…
How to Give Corrective Feedback: The CARE Model - Eliminati…
Improving Employee Engagement & Retention Through Stay Inte…
SOPs - How to Write Them to Satisfy those Inspectors
Why EBITDA Doesn't Spell Cash Flow and What Does
With Mandatory Paid Leave Gaining Ground Is It Time To Do A…
Marketing to Medicare or Medicaid Beneficiaries - What You …
Human Error Reduction Techniques for Floor Supervisors
Documenting Misconduct that Will Stand Up in Court
Trial Master File (TMF)/eTMF, & FDAs Draft Guidance for Ele…
Tattoos, hijabs, piercings, and pink hair: The challenges …
Project Management for Non-Project Managers - How to commun…
OSHA Requirements for Supervisors, Project Leaders & HR - W…
Humane Layoffs: How to Let People Go with Compassion and De…
Unlock Employee Loyalty: Stay Interviews Will Keep Them Eng…
Sunshine Act Reporting - Clarification for Clinical Research
FFIEC BSA/AML Examination Manual: What Compliance Officers …
Female to Female Hostility @Workplace: All you Need to Know
Onboarding is NOT Orientation - How to Improve the New Empl…
FDA Technology Modernization Action Plan (TMAP) and Impact …
Excel - Pivot Tables - The Key To Modern Data Analysis and …
Managing Toxic & Other Employees Who Have Attitude Issues
Building GMP Excellence: A Guide to Implementing Compliant …
Excel Power Skills: Master Functions, Formulas, and Macros …