IRS Form 1099 Reporting: What You Need to Know

The 1099 forms are confusing … can you afford to only grasp the basics?

Independent contractors save your business money, but increasing IRS scrutiny can put you at risk. Fail to meet all the 1099 filing requirements, and you may land in a hotbed of penalties. With a maze of 1099 forms, and confusing and ever-changing IRS reporting guidelines, mastering the 1099 can be a daunting task for any business.

Attend this informative seminar and sharpen your 1099 savvy. Develop better, more accurate reporting skills - keep your business audit-ready and in compliance. Determine a worker's status without hesitation - every time - and stay current and in the clear.

Benefits for You

• Survive 1099 reporting in lawsuits and settlements - learn what's taxable and what's not
• Pinpoint when to issue a W-2 or 1099 form
• Tackle your 1099-MISC questions
• Walk through the 1099 series of forms with ease - know which form you need to use

Learning Objectives

• You will be able to identify the difference between an independent contractor vs. employee.
• You will be able to explain the purpose of Form 1099 reporting.
• You will be able to discuss 1099-C, cancellation of debt and 1099-A and how they relate.
• You will be able to describe incorrect usage of Form 1099.