Introduction

1099s report payments made to non-employee service providers, as well as payments to suppliers and

other entities you do business with. Think of your own organization:

Can you name all the types of service providers you use?

Do you know which payments are reportable on 1099s, and the minimum amounts you must pay before

they are reportable?

There is a new 1099-k threshold for tax year 2023 that was slated for 2022. The IRS delayed

implementation due to the uproar. The 1099-k will now require third party payment processors like

venmo, paypal, google-pay and apple-pay to report all payments over 600 made to you and me. This is

down from the previous threshold of $20,000. Needless to say, this new check and balance will require

most individual taxpayes, and any companies who use these services, to monitor all payments from all

sources, and make sure that they are reported.

Note that these payments were always reportable as taxable income. The difference is the IRS will know

exactly who paid you and how much. They are now reporting same as the W2, 1099-NEC and other

1099s. Attend this live webinar to find out exactly what this means for your business.

Areas Covered In The Webinar

An overview of new 1099 Forms

 Latest Form 1099-NEC, 1099-MISC, 1099k, and any changes to other 1099 form reporting

requirements with specifics .

 How to know when and what to report

 Step-by-step review of Form 1099 reporting mechanics

 Online reporting trends, and how to report online

Why should you attend?

How to develop an efficient Form 1099 reporting process

 Best practice to minimize penalties using proper policies and procedures that work under new

rules

 How to determine if a worker is an independent contractor or an employee

 Form 1099 relationship to B-Notices (CP2100) and TIN Penalty Assessments (972

And much more…

Who will benefit: A/P managers, A/P staff. Payroll managers, finance executives. Tax

professionals. Third party payment settlement and processing agencies.

Who Will Benefit

You can’t afford to only grasp the basics … learn the ins and outs of 1099 filing requirements for

2024 in this must-attend session.