1099-MISC Reporting of Rents, Royalties, Medical Service Providers, Fringe Benefits, Expense Reimbursements, and Board Members (Completed)
Date: Wednesday, October 16, 2024
Instructor: Steven D. Mercatante
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Form 1099 1099-MISC Reporting of Rents, Royalties, Medical Service Providers, Fringe Benefits, Expense Reimbursements, and Board Members is the webinar that will help you understand what to do in some of the trickiest reporting situations you will face. In one information packed program you’ll gain a broad understanding of handling complex 1099 issues, with special focus on those related to the Form 1099-MISC. You’ll learn the key elements needed to comply with IRS requirements and discover how best to respond to the IRS.
Topics Covered
- The key elements needed to comply with IRS compliance requirements and discover how best to respond to the IRS
- Requirements to 1099 report and how to recognize when those payments are reportable
- Form 1099-MISC boxes impacting difficult payment situations such as those involving rents, royalties, medical service providers, fringe benefits, expense reimbursements, and board members
- Information you need to collect from your payee to properly report a payment
- Using the W-9 to collect the correct information and when you are required to obtain a signed W-9
Learning Objectives
- Identify the key elements needed to comply with IRS compliance requirements and discover how best to respond to the IRS
- Recognize what you are required to 1099 report and how to recognize when those payments are reportable
- Identify Form 1099-MISC boxes impacting difficult payment situations such as those involving rents, royalties, medical service providers, fringe benefits, expense reimbursements, and board members
- Discover what information you need to collect from your payee to properly report a payment
- Recognize how to use the W-9 to collect the correct information and when you are required to obtain a signed W-9
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
