Recorded Human Resources
Form 1099 - Revisions for 2021
RECORDED TRAINING COURSE This webinar will cover the new Form 1099-NEC, last seen in 1983. This is the new form for reporting contract labor. In addition to discussing the new form, we will talk about how to know if someone is a contractor or an employee, and whether or not reimbursements to...
- Date & Time
- 21 May 2021 | 10:00 AM PDT
- Duration
- 60 Minutes
- Speaker
- Jason Dinesen, LPA, EA
- Credits
- Not accredited
Purchase Options
Secure 7-Day Refund Instant Access
Webinar Overview
RECORDED TRAINING COURSE
This webinar will cover the new Form 1099-NEC, last seen in 1983. This is the new form for reporting contract labor. In addition to discussing the new form, we will talk about how to know if someone is a contractor or an employee, and whether or not reimbursements to contractors are reportable. We’ll also cover Form 1099-MISC changes, and also the most-common boxes on this form and when a business uses them. Examples include: rent, other income (and a discussion of “what is other income?”), medical and healthcare payments, and payments to attorneys.
Session Highlights
- The new Form 1099-NEC
- Changes to Form 1099-MISC
- Who is a contractor?
- Are reimbursements reportable on the 1099?
- Form 1099-MISC scenarios:
- What is rent?
- What is "other income"?
- What are medical and healthcare payments?
- When are payments to an attorney reportable?
Why You Should Attend
For the first time since the early 1980s, the IRS has changed the way businesses report contract labor payments. No longer do those payments go in box 7 of Form 1099-MISC. Instead, businesses use Form 1099-NEC. This webinar will cover the new form, changes to Form 1099-MISC, and other things to be aware of with 1099s.
Who Should Attend
- Payroll Professionals
- Office Managers
- Bookkeepers
- Accountants
Speaker(s)