1099 Reporting: 2014 and Beyond (Currently Unavailable)

Author: Marcia Miller

As another year passes, we still are following the complicated revisions and repeals of the 1099 rules and the recent introduction to the IRS "amnesty" program for misclassified workers. It is imperative that we look back to the history of information reporting and be familiar with the rules that still remain or have been added to keep us compliant in the future.

Publication Date: February 2014

Designed For
Attorneys, CFOs, CPAs, Enrolled Agents, Accounts Payable and Human Resources Department Heads.

Topics Covered

• Information Reporting Rules and Regulations & Its Future Impact for Businesses
• Requirements for Compliance to Avoid New Penalty Costs
• Independent Contractor Issues
• IRS Voluntary Worker Classification Settlement Program (VSCP)
• Legislative Developments affecting Forms 1099-B, 1099-C & 1099-K.

Learning Objectives

• Understand Internal Revenue Service's plan to minimize the "tax gap"
• Comprehend the new regulations and learn about 1099 Compliance to avoid costly penalties
• Review of the current revised forms & regulations & anticipate what's next in the "World of 1099 Reporting"

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of 1099 Reporting.

Advance Preparation
None