IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

1099 Reporting of Payments to Attorneys and Other Third Parties (OnDemand Webinar)

$199.00

SKU: 410362EAU

Description

Make sure you are in compliance when reporting payments made to attorneys and other third parties.Prepare for the new IRS information returns rule in this session that covers the IRS 1099NEC and 1099MISC forms, as well as payment of attorney fees. This comprehensive training will provide detailed guidance on understanding the rules and regulations surrounding these forms, as well as tips to best strategize when paying out attorney fees. Learn more about the processes involved in filing and managing the 1099NEC and 1099MISC forms.

Date: 2023-02-22 Start Time: End Time:

Learning Objectives

Overview
• Explanation of What Information Returns Are and What They Are Used for
• Review How the IRS Uses Information Returns in General
• Overview of the Differences Between 1099-NEC and 1099-MISC Forms

1099 Forms
• What Are 1099 Forms, and What Are They Used for
• Overview of the Differences Between 1099-NEC and 1099-MISC Forms

1099-NEC Form
• When to Use the 1099-NEC Form for Reporting Attorney Fees
• How to Report Attorney Fees on the 1099-NEC Form
• Any Special Rules or Considerations for Using the 1099-NEC Form for Attorney Fees

1099-MISC Form
• When to Use the 1099-MISC Form for Reporting Attorney Fees
• How to Report Attorney Fees on the 1099-MISC Form
• Any Special Rules or Considerations for Using the 1099-MISC Form for Attorney Fees

Filing Requirements
• Deadlines for Filing 1099 Forms With the IRS
• How to File 1099 Forms With the IRS (e.g., Electronically or by Mail)

Conclusion
• Recap of the Main Points Covered in the Agenda
• Reminder of Any Important Deadlines or Actions to Take Related to Reporting Attorney Fees on 1099 Forms

AIPB ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Steven A. Leahy-Law Office of Steven A. Leahy, PC

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

1099 Reporting of Payments to Attorneys and Other Third Parties (OnDemand Webinar)

$219.00

SKU: 406645EAU

Description

Identify and properly classify individuals.
Many employers have individuals classified as independent contractors who are more properly classified as employees. Federal and state agencies, and private attorneys through wage and hour class action lawsuits, actively prosecute and litigate companies for these errors. Improperly classifying employees can lead to a multitude of issues from the failure to pay overtime to improperly paying taxes. This topic will give employers the tools necessary to properly identify and classify individuals who work with their organizations, and provide employers with the ability to draft policies that protect their intellectual property and branding without creating additional employment liabilities. This material is critical for employers to develop the skills necessary to revise their policies, practices, and procedures to ensure compliance with both federal and state requirements.

Date: 2019-11-04 Start Time: End Time:

Learning Objectives

What Is an Independent Contractor and How Do You Identify and Properly Classify Individuals?
• The Common Law Test
• The IRS 20 Factor Test (Although Revised, Still Important)
• The Notorious ABC Test

How Do Our Policies and Documents Help or Hurt Us?
• Noncompete Agreement • Good in Theory and a Killer in Practice
• Uniforms, Identification Badges, and Vehicles — Oh My
• What to Do About Electronic Storage, Data, and Programs

It’s Not Just the Department of Labor and the IRS You Need to Worry About
• Unemployment Compensation Audits
• Labor Relations and Discrimination Laws
• Negligence and Tort Laws

No Credit Available

Julie A. Proscia, Esq.-SmithAmundsen LLC