Author : | Steven D Mercatante, Tax Attorney, Author |
Course Length : | Pages: 71 ||| Review Questions: 26 ||| Final Exam Questions: 43 |
CPE Credits : | 8.5 |
IRS Credits : | 8 |
Price : | $76.45 |
Passing Score : | 70% |
Course Type: | NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents |
Primary Subject-Field Of Study: | Taxes - Taxes for Course Id 1692 |
Description : | With constant revisions to Form 1099 and related rule changes, it is crucial to remain up-to- date with the current information reporting laws to avoid those dreaded penalties and interest not to mention the time consumed to make corrections. Whether you are new or seeking an update this course will provide CPA’s, Accounts Payable, Payroll, and Tax with plain English guidance to help minimize 1099 filing mistakes while breaking down the toughest 1099 payee and payment reporting situations. In this course, industry expert and corporate tax attorney Steven D. Mercatante Esq. takes a look some of the more common problems experienced by CPA’s, accounts payable, and tax departments related to documenting, validating, and reporting payee information on IRS Forms 1099. He identifies key issues and best-practices for addressing them. |
Usage Rank : | 0 |
Release : | 2020 |
Version : | 1.0 |
Prerequisites : | None. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
General Instructions for Certain Information Returns (2019)
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Advance Preparation : | None. |
Delivery Method : | QAS Self Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 10-Sep-2020 |
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 - Text - Technical - NASBA Registry - IRS Enrolled Agents - 1692 |
Keywords : | Taxes, Tips, Handling, Your, Trickiest, 1099, Filing, Situations, v10, cpe, cpa, online course |
Learning Objectives : |
Course Learning Objectives
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Course Contents : | Chapter 1 - Tips for Handling Your Trickiest 1099 Filing Situations Introduction Beware the New Form 1099-NEC vs. the Revamped 1099-MISC Getting the Form W-9 Right W-9 Solicitation Tips to Ensure You Capture Form 1099 Payee Data Payee Refuses to Provide Their TIN on the W-9 Corporations and LLC’s That May Be Form 1099 Reportable Payments Ostensibly Exempt From Form 1099 Filing Inadvertent Tax Consequences Stemming From 1031 Exchanges How to report Section 1031 Like-Kind Exchanges to the IRS 1035 Exchanges Identifying Your 1099 Reportable Payee Validating W-9’s Resident Aliens Are 1099 Reportable But Who Are They? Substantial Presence Test Expats versus Inpats Evaluating Claims Your Payee is Exempt From 1099 Reporting the IRS TIN Match Program W-2 or 1099 Reportable Reimbursed Expenses 1099 E-Filing Basics The Form 1099-MISC Form 1099-R Due Diligence The Form 1099-INT, 1099-DiV, 1099-B, and 1099-C Form 1099-K Filing Tips ACA Filing mistakes The CFS and state reporting issues of concern Federal penalty abatement tips Glossary |