RECORDED TRAINING COURSE
1 CEU HRCI | 1 PDC SHRM
Form 1099 reporting has always been tricky, and changes in 2020 and 2021 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 2021 version of the 1099-NEC and 1099-MISC
- What is a 1099?
- Who gets a 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
- Who exactly is a contractor?
Why You Should Attend:
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 such as what is a 1099, who gets a 1099, what are “medical payments” and what are “legal payments”?
Who Should Attend:
- Tax preparers
- Human resources professionals
- Payroll professionals
Note: You will get access to the Recording link and E-Transcript; in your account and at your registered email address.
Course Ministry is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities.
“HR Certification Institute’s® (https://www.hrci.org) official seal confirms that Course Ministry meets the criteria for pre-approved recertification credit(s) for any of HRCI’s eight credentials, including SPHR® and PHR®.”