Form 1099 Reporting Updates for Timely, Compliant Filing
With over a dozen different types of 1099s, keeping up with who should receive one, which form should be used and when the forms are due, can be exhausting for finance professionals.
Also, with the rise of the independent contractor and the change in the reporting of non-employee compensation beginning in 2020, staying current and compliant is a critical piece of closing the books on the calendar year.
Join us for this information-packed workshop to learn best practices for navigating the latest Form 1099 reporting changes for 2021, along with practical, actionable compliance guidance.
In this 100-minute program, you’ll learn:
- What’s changed on Forms 1099 for 2021
- Latest reporting requirements you need to know to stay timely and compliant
- Keys to avoid penalty notices and increased costs for noncompliance
- Updated criteria for an independent contractor v. and employee
- Completing forms W-9 and W-8 and backup withholding
- What types of payments go into which boxes on 1099 forms
Program Highlights
1099 Updates for 2021: What’s Changed, What’s Required
- The latest Form 1099 reporting requirements
- New classification of independent contractors
- How to know when and what to report
- Backup withholding: when and what to withhold
Tips to develop an efficient Form 1099 reporting process
- A step-by-step review of Form 1099 reporting mechanics
- Forms W-9 and W-8: accurate backup withholding
- Electronic filing: Online reporting trends and guidance
- IRS’s TIN Matching System: The verification process
Keys to Reduce Penalties and Ensure Compliance
- What types of payments go into which boxes on 1099 forms
- Best practices for 1099 recordkeeping
- Key deadlines employers need to know
- B Notices (CP2100s) and TIN Penalty Assessments (972CGs)
About the Speaker
Tricia Richardson, CPP, SPHR, SHRM-SCP provides clients with direct payroll assistance, information, education, consultation, and even empathy, in her role as a Consultant.
Tricia 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.
- Tricia 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, Tricia 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.
Program Benefits
You can’t afford to miss the latest updates and regulations for 1099 reporting! Learn the ins and outs of 1099 filing requirements for 2021 and walk away from this workshop prepared to skillfully take on the latest changes.
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!
Credits
Credit Hours:
2Field of Study:
FinanceProgram Level:
Basic KnowledgePrerequisites:
NoneAdvance Prep:
NoneDelivery Method:
Group Internet BasedREGISTRATION
Form 1099 Reporting Updates for Timely, Compliant Filing
Live event begins Thursday, October 28, 2021, 1PM (ET)
A Note to Our Valued Attendees Impacted by COVID-19:
We understand that due to COVID-19, most people are working remotely and in multiple locations, so we're doing things a little different to accommodate such situations.
After registering, simply reply to your invite email with a list of all the folks who will need additional access links.. Please include their first name, last name, and email address.
REGISTRATION
Form 1099 Reporting Updates for Timely, Compliant Filing
Live event begins Thursday, October 28, 2021, 1PM (ET)
