1099-MISC Compliance Update
Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on tax and accounting services for small businesses and individuals. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College. He started his practice in 2009.
This webinar will cover the basics of Form 1099-MISC and will help a business stay in compliance with the law. We will discuss what payments are reportable, who needs to be sent a 1099-MISC, and how to send a 1099-MISC. We will discuss penalties and how to get out of penalties, and how to tell the difference between a contractor (who gets a Form 1099-MISC) and an employee (who gets a Form W-2). We will also spend a segment on Form 1099-K and its interaction with the 1099-MISC.
- What is Form 1099-MISC
- What payments are reportable
- Who gets a 1099-MISC
- What’s new — Form 1099-NEC
- Due dates
- Sending to the IRS
- Correcting errors
- Form W-9/showing due diligence
- Letters from the IRS
- Independent contractor or employee?
- Form 1099-K and its interaction with the 1099-MISC
- Rental property and the 1099-MISC
Course Level - Basic, though some advance knowledge of Form 1099-MISC is helpful
Who Should Attend
- Payroll Professionals
- Office Managers
- HR Professionals
- Business Owners
Why Should Attend
January is the time to file Form 1099-MISC, and IRS penalties are increasing. This webinar will provide you with the information you need to stay in compliance with your Form 1099-MISC requirements. We will discuss penalties, how to get out of penalties, and how to avoid penalties in the first place. We will also discuss changes coming for 2020, including the new Form 1099-NEC, which will take the place of Form 1099-MISC. Be prepared for the January 31st filing deadline by taking this webinar and learning about your filing requirements and how to stay in compliance.