Form 1099-MISC and 1099-NEC Compliance Update 2024

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.

Areas Covered:-

• What exactly is a 1099, and who files them?
• Determining the $600 threshold
• Sending 1099s to corporations
• Form 1099-K, Venmo, PayPal, and other payment apps complicate matters
• Form W-9 and backup withholding

Why Should You Attend:-

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.

Who Will Benefit:-

• CPAs
• Enrolled agents
• Tax professionals
• Bookkeepers
• HR professionals
• Business owners