Online-Live
1099 Changes and Best Practices
Friday, January 10, 2025 | 5:00 pm - 7:00 pm
Course # 172591 | by ACPEN
What you will learn
Understand the IRS’s TIN solicitation, and backup withholding and reporting requirements, for Form 1099 reportable payments.
Description

This program addresses the new Form W-9 and the TIN solicitation and back-up withholding rules; discusses the 2024 filing requirements for the tax information reporting Forms 1099-NEC and -MISC as well as proposed changes in the reporting threshold affecting Form 1099-K filing; and reviews the major expansion of mandatory electronic filing of Forms 1099 and the three IRS e-filing systems available for 2024 tax information returns.  The presentation also includes a brief overview of the reporting and withholding rules for payments of U.S. source income made to non-U.S. persons, and current guidance on the reporting rules for purchases of software and cloud transactions.

Prerequisites:
None

Advanced Preparation:
None

  • Mandatory electronic filing requirement of Forms 1099 for 2024
  • Form 1099-NEC, 1099-MISC and 1099-K information reporting for 2024 
  • Form W-9 TIN solicitation and backup withholding rules 
  • Reporting rules for purchases of software and cloud transactions 
  • Brief overview of reporting and withholding requirements for payments of U.S. source income made to non-U.S. persons

Tax and Accounting professionals and their clients

  • Taxes

  • Marianne Couch
MICPA delivers the highest quality education experience. If you are not satisfied with your course, call us at 1.855.594.4273. We will make it right.
Online-Live
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Speakers: Marianne Couch
Time: 5:00 pm - 7:00 pm
Total Credits: 2.0
Earn Up To: 2.0 OT credits
Level: Basic
Vendor: ACPEN
MICPA delivers the highest quality education experience. If you are not satisfied with your course, call us at 1.855.594.4273. We will make it right.