1099-MISC & 1099-NEC Updates: Ensure Accurate Filing
The 1099-MISC and 1099-NEC deadlines are fast approaching, and many AP and payroll professionals are still unclear on when to use which form.
In this 60-minute program we will clear up the confusion over when to use these forms, plus the latest updates. Participants will come away with a deeper understanding of both the 1099-MISC and the 1099-NEC – and when they apply.
Join us as we cover:
- How to recognize when to use the 1099-MISC and when to use the 1099-NEC
- Best practices to ensure all payments get reported on their proper forms for 2023
- Revised instructions for Forms 1099-MISC and 1099-NEC
- Handling complex issues such as attorney’s fees, benefits, medical expenses and more
- The distinction between payments to employees and non-employees
Meeting Latest 1099-MISC Reporting Requirements:
- Latest updates to the 1099-MISC
- Overview of the revised 1099-NEC and when to use it
- In-depth description of the 1099-MISC
- Clarification on attorney’s fees – what to report
- Benefits paid to employees vs. independent contractors
- The relationship between 1099s and other information returns
- What types of cancelled debt need to be reported
After this workshop, participants will be able to :
- Review their systems for compliance, and prepare for stricter requirements in the future
- Implement procedures companywide for easier year end reporting
- Inform 1099 recipients about what they can expect and their obligations
- Train personnel on what 1099 reporting means to their departments and positions
We will address key questions employers are asking, including:
- What are the due dates for both forms?
- What is the rule for independent contractors who should be issued a 1099-MISC vs. a 1099-NEC?
- What are the requirements for 1096s?
- What are the requirements for electronic filing?
Question and Answer Session - Your specific questions will be addressed!
About the Speaker
Tricia Richardson, CPP, SPHR, SHRM-SCP has more than 25 years of experience in all aspects of workforce management (payroll processing, taxation, employee handbooks, human resources, benefits, etc.). Tricia is a Payroll and Human Resource “nerd” who enjoys reading Internal Revenue Code.
- She has a Bachelor of Science in Management Studies from the University of Maryland University College. She is a Certified Payroll Professional (CPP) through the American Payroll Association (APA), a Senior Professional in Human Resources (SPHR) through the HR Certification Institute, as well as a Society for Human Resource Management Senior Certified Professional (SHRM-SCP).
- Tricia is a Member of the National Speakers Bureau for the American Payroll Association and a Contributing Writer to Paytech Magazine, a regular periodical provided to over 20,000 Members.
- For the Susquehanna Valley Chapter of the American Payroll Association, she has taught for both the Payroll and Human Resource Certification Study Groups and has served as both the Vice President and President of the Chapter. She also served on the Program Committee of the Human Resource Professionals of Central PA and as the Treasurer of a York County Pennsylvania Non-Profit Association.
This information-packed event will walk you through form 1099-MISC, clarify when to use the 1099-MISC and when to use the 1099-NEC, plus best practices to ensure you meet your reporting requirements and deadlines.
If you'd like this program customized for your organization, call us at 1-800-964-6033. We're certain we can fulfill your training needs, while making it fit in your budget!
Premier Learning Solutions is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®. This program is valid for 1 PDCs for the SHRM-CP® or SHRM-SCP®. For more information about certification or recertification, please visit www.shrmcertification.org.
This program has been approved for 1 (HR (General)) recertification credit hour toward aPHRTM, aPHRiTM, PHR®, PHRca®, SPHR®, GPHR®, PHRiTM and SPHRiTM recertification through the HR Certification Institute. Learn more at hrci.org