1099 Changes and Best Practices
Total Credits: 2 including 2 Taxes - Technical
- Average Rating:
- 86
- Categories:
- Partner Produced | Tax
- Faculty:
- Marianne Couch, JD
- Course Levels:
- Basic
- Duration:
- 2 Hours
- License:
Description
This program addresses the Form W-9 TIN solicitation and back-up withholding rules discusses the 2023 filing requirements for the tax information reporting Forms 1099 NEC and -MISC as well as the change in the reporting threshold affecting Form 1099 K filing; and reviews the major expansion of mandatory electronic filing of Forms 1099 and the three IRS e-filing systems available for 2023 tax information returns. The presentation also includes a brief overview of the reporting and withholding rules for payments of U.S. source income made to non-U.S. persons, and current guidance on the reporting rules for purchases of software and cloud transactions.
Basic Course Information
Learning Objectives-
Understand the IRS’s TIN solicitation, and backup withholding and reporting requirements, for Form 1099 reportable payments
Major Subjects
- Changes to mandatory electronic filing requirement of Forms 1099 for 2023
- Form 1099-NEC, 1099-MISC and 1099-K information reporting for 2023
- Form W-9 TIN solicitation and backup withholding rules
- Reporting rules for purchases of software and cloud transactions
- Brief overview of reporting and withholding requirements for payments of U.S. source income made to non-U.S. persons
Course Materials
| Important Course Information_Read First (369 KB) | Available after Purchase | ||
| 1099 Changes and Best Practices Handout (2.2 MB) | Available after Purchase | ||
Faculty
Marianne Couch, JD Related Seminars and Products
Principal, COKALA Tax Information
Marianne Couch, JD, is a Principal in the Cokala tax group since its founding early in 2007 and is an experienced and well-known advisor on U.S. federal and state tax information reporting compliance. She is a frequent lecturer at major tax conferences and the author of The Master Guide to Form 1099 Compliance, The Master Guide to Form 1042-S Compliance, and numerous published articles. She is a founding partner of Cokala. Previously, she was for many years the Research Director of the tax reporting specialty firm Balance Consulting, and chaired special training and advisory services provided to large organizations and academic and nonprofit institutions. She also formerly served as the executive director of the National Association of Form 1099 Filers, Inc.
Marianne was an appointee for three years to the IRS Information Reporting Program Advisory Committee (IRPAC), where she was Chair of the IRPAC Subcommittee on Small Business and Self-Employed (SBSE) tax issues.
Marianne formerly served as a Research Attorney for the Michigan Court of Appeals, and earlier as a litigator for a large Michigan law firm, where she represented individuals and large clients in many types of civil actions.
Additional Info
Basic Course Information
PrerequisitesNone
Advanced Preparation
None
Designed For
Tax and Accounting professionals and their clients
Original Recording Date
10/31/2023
Yellow Book
No
Course Developer
MICPA
Date Added to Catalog
07/20/2023
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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