Form 1099 Update

Live Webinar or Recording

August 7, 2024, 12:00 pm - 1:40 pm Eastern

Credit: ATATX: 1.5, CPE: 2, IRS: 2 (Live Only)

With constant revisions to Form 1099 and the related rule changes, it is crucial to remain up-to- date with the current information reporting laws to avoid those dreaded penalties and interest not to mention the time consumed to make corrections.

Changes to 1099's covered by this program include the big new changes brought by the new Forms 1099-NEC and 1099-MISC

This program will address the top problems you need to watch out for when filing Forms 1099-MISC, 1099-NEC, 1099-S, 1099-B, 1099-DIV, 1099-INT, 1099-R, and 1099-K

Everything you need to know to prepare the Latest 1099 Forms:

• Changes to Forms 1099 and what information you need to be in compliance
• What to do if payments include both goods and services
• Rentals of personal property vs rentals of real property
• Payments to Attorneys & Health Care Professionals
• Judgment Payments and Forms 1099

Strategies to Remain Compliant with Proper Policies & Procedures:

• What is reportable and which Form 1099 to use
• Information reporting to non-profits
• Information reporting to Corporations, LLCs & other tricky classifications

Objectives:

• Updates on various 1099 forms and their respective reporting requirements
• Determine which form to use and what amounts are reportable
• Overview of latest penalty increases for noncompliance and possible abatement of penalties
• Tips for developing information reporting office procedures which reflect due diligence onthe part of the payer

Level: Intermediate
Format: Live webcast
Instructional Method: Group: Internet-based
NASBA Field of Study: Taxes
Program Prerequisites: None
Advance Preparation: None

Guest Speaker: Steven Mercatante - TIR Consulting LLC

Level: Basic

Format: Live Webcast

Field of Study: Taxes

Program Prerequisites: None

Advanced Preparation: None

Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in accounting.

Aurora Training Advantage is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For more information regarding administrative policies such as complaint and refund, and cancellation please contact our offices at 407-542-4317 or training@auroratrainingadvantage.com.