Form 1099 and W-9 Updates for 2020

Topic : Form 1099 and W-9 Updates for 2020

Register : https://www.compliancekey.us/webinar/1693/form-1099-w-9-updates/source_egln

Offer : (10% Off ) On New Signup

Overview

Businesses reported contract labor pay in box 7 of Form 1099-MISC. That has changed for 2020 with the new Form 1099-NEC being introduced. This webinar will cover what transactions are reportable on the 1099-MISC and 1099-NEC; filing issues, penalties, and how to get out of penalties; how to tell the difference between a contractor and an employee; compliance tips including proper usage of Form W-9; a line-by-line discussion of the W-9; and how Form 1099-K interacts with the 1099-MISC and 1099-NEC.

Areas Covered in the Session :

• An overview of the new 1099-NEC
• Who needs to file 1099s
• What payments are reportable
• 2020 changes to the 1099-MISC
• Filing 1099s with the IRS, including due dates and the e-filing mandate
• Penalties for late filing
• Getting out of penalties

Speaker Profile :

Jason Dinesen is a keynote speaker of Compliance Key. Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on accounting and bookkeeping services, tax preparation and business advising to a variety of clients and industries. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars.

 

Contact Info :

Compliance Key

https://www.compliancekey.us/

Email : [email protected]

Phone : +1 717-208-8666