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1099 Compliance: New Rules,

New Form & New IRS Scrutiny


During this 75-minute online training, you’ll learn how to:

  • Sort out the confusion between the new 1099-NEC and the old 1099-MISC

     

     

  • Complete each form correctly (a box-by-box explanation)

  • Stay in compliance and avoid huge IRS tax penalties

     

     

     

What's the difference between the new 1099-NEC and the old 1099-MISC?

This time of year, payroll departments get hit with the double whammy of preparing W-2s for employees and 1099 forms for their independent contractors. The bad news: The 1099 process for 2020 reporting will be more complicated because the IRS is rolling out a brand-new form, Form 1099-NEC, for reporting payments to independent contractors.

But the IRS isn't entirely ditching Form 1099-MISC. That means you will have two different sets of 1099s to file.  (And it’s not clear yet whether states will accept Forms 1099-NEC.) Also, employers are facing intense new scrutiny of the 1099s from the IRS … and forms filed in the wrong medium (even correct forms!) can trigger millions of dollars in tax penalties.

The best defense for your payroll department is to learn about these changes now with our timely new webinar recording, led by payroll expert Alice Gilman, Esq., editor of Payroll Legal Alert.

 

 

 

 

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Agenda for 1099 Compliance: New Rules, New Form & New IRS Scrutiny

  • What's changed with 1099s and how you should respond
  • 8 steps for completing 1099s that will keep the IRS off your back – forever
  • Crucial steps to keep your 1099 process on track
  • Box-by-box reporting requirements for Form 1099-NEC and Form 1099-MISC
  • Why you may need to give 1099s to employees, too – not just contractors
  • How to tell if a contractor's Taxpayer ID Number is legit and what to do if it's not
  • The 6 crucial moves to activate the new safe harbor for de minimis math errors
  • Two free IRS services that should wipe out penalties for filing incorrect forms
  • And much more!

 

 

 

 

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Alice Gilman, Esq., is an expert in payroll and tax compliance who has covered payroll issues for more than 26 years. She's written and edited several leading payroll publications, including Payroll Legal Alert, the Research Institute of America's Payroll Guide, the American Payroll Association's Basic Guide to Payroll and the Payroll Manager's Letter.

Alice Gilman
Alice Gilman esquire and author

View a free clip of 1099 Compliance:

 

Professional Certification Credit Hours Included:

 

This program is valid for 1.25 PDCs for the SHRM-CP® or SHRM-SCP®.

 

The use of this official seal confirms that this Activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.

We promise you'll be satisfied.

If 1099 Compliance: New Rules, New Form & New IRS Scrutiny fails to meet your needs in any way, we will refund every penny you paid – no hassles, no questions asked.