Form 1099 for 2020 – Latest Updates

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Presented By Global Wizdom

Friday, November 20th at 1:00pm EST

Online sale ends: 11/20/20 at 12:30pm EST

Live -Webinar

Kellogg Center 26 West Dry Creek Circle, Suite 600

Littleton, CO 80120

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Description

Global Wizdom is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP or SHRM-SCP. This program is valid for 1 PDC for the SHRM-CP or SHRM-SCP.

Key Take-Away:
The IRS has changed the way contract labor is reported. It will no longer go on a 1099-MISC but instead on the new 1099-NEC.

Overview:
The IRS has changed the way contract labor is reported. Starting with 2020, you will report contract labor on a Form 1099-NEC instead of Form 1099-MISC. This webinar will cover that change, along with other 1099 topics such as how to file, when to file, how to fix errors, and how to tell the difference between a contractor versus an employee. This webinar will help you stay in compliance and avoid penalties.

Areas Covered in the Session:
• New Form 1099-NEC
• Who must file 1099s (of any type)
• What transactions are reportable
• Who receives 1099s
• Deeper discussion of medical payments, and legal payments
• Filing issues: how to file, when to file, penalties for late filing
• Contractor vs. employee: how to tell the difference and why it’s important
• Reimbursements to contractors
• Form 1099-K and its interaction with other types of 1099s

Speaker: Jason T. Dinesen
Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on tax and accounting services for small businesses and individuals. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College. He started his practice in 2009.

Global Wizdom
Contact :1-720-414-3543
support@globalwizdom.com
https://globalwizdom.com

Presented By

Time

1:00pm to 2:00pm
Doors open at 12:30pm

Price

General Admission: $159.00

Age

21+

Venue

Live -Webinar<br> Kellogg Center 26 West Dry Creek Circle, Suite 600<br> Littleton, 80120

Capacity

100

Info Line

1-720-414-3543

Key Take-Away: The IRS has changed the way contract labor is reported. It will no longer go on a 1099-MISC but instead on the new 1099-NEC.

Key Take-Away:
The IRS has changed the way contract labor is reported. It will no longer go on a 1099-MISC but instead on the new 1099-NEC.