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Form 1099 Reporting Requirements and Updates (MLCN64B)
Requirements, Deadlines and Purpose of IRS Forms 1099 and 1099-MISC
Form 1099 and Form 1099-MISC presented new return filing requirements for tax year 2016: Small businesses or self-employed individuals who received or made payments in 2016 needed to file these new forms with the IRS and the Social Security Administration by January 31, 2017. Do you know if you’re in compliance?
Join this session by industry veteran Haleh C. Naimi where she will provide a general overview of the worker classification issues and the safe harbor provided under the Treasury Regulations. The session will focus on the technical requirements and the deadlines for electronic filing of Forms 1099, the purpose of Form 1099-MISC, and identification of correct reporting for various types of payments.
The session will also provide you with the knowledge of properly filing information returns (IRS Forms 1099 and 1099-MISC). The session will also cover, among other things, the backup withholding requirements and misclassification of independent contractors.
Review of electronic filing requirements for Form 1099
IRS 2100/2100A and subsequent B-Notices to payees
Backup withholding requirements
Independent contractor issues, misclassifications and remedies
Form 1099-MISC’s requirements and purpose
How the B notice process works
Compliant reporting for payments via Form 1099-MISC
Reporting payments to disregarded entities
NASBA & IRS Category of Study: Taxes
Who Should Attend?
This webinar will provide valuable assistance to all personnel in:
CPAs and Enrolled Agents
Finance and Accounting Professionals
Accounting and taxation firms
Law firms dealing with tax issues
Small business owners
*Single User Price. For multiple users please call 1-800-223-8720
Haleh Naimi is a tax and bankruptcy attorney representing individuals and businesses (ranging in size from small to middle-market) in complex tax, bankruptcy and commercial litigation matters throughout California and New York. She has lectured on tax controversy issues involving collection and bank...