HR Training 2020 - Form1099 Revisions for 2020

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. We will also cover the Form 1099-K and how it interacts with other types of 1099s, making it so payments subject to 1099-K reporting are not subject to reporting on other types of 1099s. This webinar will help you stay in compliance and avoid penalties.