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1099 Changes and Best Practices

Overview

This program addresses the new Form W-9 and the TIN solicitation and back-up withholding rules; discusses the 2024 filing requirements for the tax information reporting Forms 1099-NEC and -MISC as well as proposed changes 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 2024 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.

Prerequisites

None

Objectives

  • Understand the IRS’s TIN solicitation, and backup withholding and reporting
    requirements, for Form 1099 reportable payments</li>
    

Highlights

  • Mandatory electronic filing requirement of Forms 1099 for 2024
  • Form 1099-NEC, 1099-MISC and 1099-K information reporting for 2024
  • 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</li>
    

Register Now

Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:

6314125

2 CPE Credits
Tax: 2 Credits

Registration

Member Price:
$85
Non-member Price:
$115

Registration is open through 01/10.

Friday, January 10th

5:00pm to 7:00pm

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Instructor

Marianne Couch