Filing IRS Form 1099-NEC & W-9 Update: Complying with IRS Information Reporting

Overview:

This webinar is an in depth look at the new 2020 Form 1099-NEC, Nonemployee Compensation and Form W-9, Request for Taxpayer Identification Number and Certification. Starting with 2020 reports, Form 1099-NEC is to be used instead of Form 1099-MISC to report nonemployee compensation. Other payments previously reported on Form 1099-MISC will be still be reported using Form 1099-MISC,

Areas Covered in the Session:

• 2020 Form 1099-NEC line by line
• Information Returns: What they are and using the Guide to Information Returns
• Forms 1099-NEC and 1096: Identification of reportable payments and payees
• Common 1099 errors - how to prevent them and how to correct them
• Taxpayer identification number basics: Which number to use

Speaker:

Patrick Haggerty is Keynote Speaker at ComplianceKey. He is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice. He began teaching accounting at the college level in 1988.

Offer : (10% Off) On New Signup

Contact Info :

Compliance Key

https://www.compliancekey.com/

Email : support@compliancekey.us

Phone : +1 717-208-8666