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2022 - Form 1099-MISC and 1099-NEC Compliance Update 2022



VenueOnline event, USA - United States USA - United States

KeywordsForm 1099-MISC; 1099-NEC Compliance Update; HR Compliance


Topics/Call fo Papers

This webinar will covers the latest updates businesses need to be aware of with the 1099-NEC and 1099-MISC. This includes changes in the American Rescue Plan relating to Form 1099-K, which in turn affects the 1099-NEC and 1099-MISC. We will also cover topics such as: how (or if) you report payments made to contractors through Venmo. We also cover the basics, at the beginning, such as what is a 1099, who gets a 1099, what are “medical payments” and what are “legal payments”?
Form 1099 reporting has always been tricky, and changes in 2021 and 2022 continue to increase the reporting burden. Tucked away in the American Rescue Plan was a change to reporting on a form called a 1099-K, which has an interaction with contract labor reported on the 1099-NEC. More and more contractors are taking payment via apps such as Venmo - how are those payments reported? Or are they reported at all? These are among the things you’ll learn in this fast-paced, 1-hour webinar.
A look at the 2022 version of the 1099-NEC and 1099-MISC
What is 1099?
Who gets 1099?
When do corporations get 1099s? A review of medical payments and legal payments
How to file 1099s
Form 1099-K: updates and interactions with the 1099-NEC
Form W-9 updates and discussion
Dealing with reimbursements to contractors
Tax preparers
Human resources professionals
Payroll professionals
Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on accounting and bookkeeping services, tax preparation and business advising to individuals with a business focus ranging from home-based businesses to multistate corporations and not-for-profits.
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Last modified: 2022-01-03 19:29:07