Webinars > All ACCOUNTING Categories > Taxation Webinars

Lorman Education Services presents

 IRS Form 1099-MISC Reporting Requirements and Updates Webinar

IRS Form 1099-MISC Reporting Requirements and Updates

Course Description/Agenda

Benefits
Dont expose yourself to compliance violations. Find out everything you need to know about Form 1099MISC. Many accounts payable and accounting departments struggle with correctly completing Form 1099MISC. They often do not know how to issue a 1099MISC to disregarded entities or how to report special payments such as legal settlements or payments made after the death of an employee. Payable departments often miss deadlines when responding to IRS BNotices which can result in penalties. This topic helps the persons responsible for issuing the 1099MISC forms to collect the pertinent information to complete a correct Form 1099MISC including payee information, information about proper boxes to report payments and how to handle followup questions from the IRS via BNotice letters. New issues for 2017 reporting, how to report to disregarded entities, how to report medical payments, legal settlements and the proper reporting for payments made after the death of an employee will be explained. Failing to properly complete and file Forms 1099MISC is a common issue which exists for all payers, both forprofit and notforprofit entities. The result of issuing incorrect 1099MISC forms is often penalties imposed on the payer. This topic will help payers avoid penalties as well as limit the number of corrected Forms 1099MISC they will have to prepare.

Agenda
What's New
• Di Minimis Rules for Corrections
• New Due Dates

Form W-9
• What Is a TIN?
• Who Completes a W-9?
• What to Do With Disregarded Entities

1099-MISC Rules
• What Is the Difference Between Box 3 and Box 7?
• Where Do You Report Legal Settlements and Medical Payments?
• When Are 1099-MISC Forms Due to Recipients and the IRS?

Other 1099-MISC Considerations
• Back-up Withholding and B Notices
• Penalties

Faculty
Mary H. Angelbeck from

Credits
AIPB ,CPE ,Enrolled Agents ,Additional credit may be available upon request.

More Webinar Information

Lorman Education Services Course Summary IRS Form 1099-MISC Reporting Requirements and Updates Delivery Method  Virtual Classroom (Live) Who Should Attend This live webinar is designed for accountants, CFOs, controllers, accounts payable professionals, tax managers, tax preparers, presidents, vice presidents, bookkeepers and enrolled agents.

All Date/Location Information