This webinar will cover Form 1099-NEC for independent contractors, and Form 1099-MISC for reporting payments such as rent. We will also cover Form 1099-K and how to deal with payments made via apps such as PayPal and Venmo. IRS penalties for failure to file correct 1099s continue to rise, and the IRS is cracking down on 1099-related compliance such as backup withholding. The program, and covers backup withholding.
Areas Covered:-
One-slide overview of 1099s
What’s new for 2022 – the electronic filing mandate is changing
To issue or not to issue: Form 1099-K, Venmo, PayPal, and other payment apps
CP-2100 letters: what they are and how to respond
Form W-9 and backup withholding
1099-MISC discussion
As time allows: contractor versus employee
Why Should You Attend:-
Attendees will have better knowledge of 1099s and how to stay in compliance and avoid penalties.
Who Should Attend:-
Accountants
Bookkeepers
Office managers
Human resources professionals
Compliance professionals
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