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Form 1099-MISC Box-By-Box Filing Tips and Best Practices (Course Id 1574)

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Author : Steven D Mercatante, Tax Attorney, Author
Status : Production
CPE Credits : 3.0
IRS Credits : 3
Price : $26.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Taxes - Taxes for Course Id 1574

Description :

Form 1099 filing season is more intense than ever. Whether you are new or seeking an update this course will provide Accounts Payable, Payroll, and Tax with plain English guidance to help minimize 1099-MISC mistakes while breaking down the toughest 1099 payee and payment reporting situations as part of an in depth box-by-box review of the Form 1099-MISC.

In this course, industry expert and corporate tax attorney Steven D. Mercatante Esq. takes a look some of the more common problems experienced by accounts payable and tax departments related to documenting, validating, and reporting payee information on IRS Form 1099-MISC. He identifies key issues and best-practices for addressing them.

Usage Rank : 0
Release : 2019
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 30-Sep-2019
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - IRS Enrolled Agents - 1574

Keywords : Taxes, Form, 1099-MISC, Box-By-Box, Filing, Tips, Best, Practices , cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

  • Break down the Form 1099-MISCs trickiest boxes: rent, leases, prizes and awards, hotel payments, when to report freight payments, recognize which boxes to report attorney and settlement payments, decode what damages payments mean for AP purposes, identify the difference between box 6 and 7 medical service provider payments, discover when the reporting does not always follow the payment, determine which boxes to report non-qualified deferred compensation
  • Identify W-9 document validation best practices with a focus on situations when multiple names are provided, handling undocumented payees, exempt organization payees, and IRS TIN Match Program best practices
  • Identify categories of payees and payments that are both reportable and not reportable, plus identify service payments that also require the reporting of a related good
  • Get tips on recent 1099-MISC changes including what the new Form 1099-NEC means for 1099-MISC reporting
  • Recognize how to identify the reportable payee when you pay sole proprietors, LLCs, payee's merged or bought by another, S-Corps, agents, or middlemen
Course Contents :

Chapter 1 - Form 1099-MISC Box-By-Box Filing Tips and Best Practices

Introduction

Beware Form 1099-NEC

Getting the Form W-9 Right

Use The W-9 to Solicit Payee TINs for 1099 Reporting

Form W-9 Solicitation Tips to Ensure You Capture Form 1099-MISC Payee Data

Your Payee Refuses to Provide Their TIN Heres What To Do

Corporations and LLCs That May Be Form 1099-MISC Reportable

Payments Ostensibly Exempt From Form 1099-MISC Filing

Identifying Your 1099-MISC Reportable Payee

Evaluating Claims Your Payee is Exempt From 1099-MISC Reporting

the IRS TIN Match Program

Three or More Parties Involved in the 1099-MISC Reportable Transaction

W-2 or 1099-MISC Reportable Reimbursed Expenses

Get Your Year Right When it Comes to Form 1099-MISC Reporting

The Form 1099-MISC

Form 1099-MISC Box one

Form 1099-MISC Box 2 and 3

Form 1099-MISC Box 4

Form 1099-MISC Box 6

Form 1099-MISC Box 7

Form 1099-MISC Box 9

Form 1099-MISC Box 14

Form 1099-MISC Boxes 15a and 15b

Glossary

CPE Taxes Course: https://www.cpethink.com/tax-cpa-courses
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