Course Ministry

Form 1099-MISC Compliance and Due Diligence

DESCRIPTION LIVE ONLINE TRAINING COURSE 1 CEU HRCI | 1 PDC SHRM APPROVED Learn about changes to the Form 1099 for 2021, including the introduction of a new form (Form 1099-NEC), how to tell the difference between an employee and a contractor, how to use Form W-9 effectively, IRS penalties and ways out of penalties, and how to respond to IRS notices. SESSION HIGHLIGHTS: The basics, including who, issue 1099s, what transactions are reportable, and who gets 1099 Form 1099-MISC and 1099-NEC changes for 2021 Employee vs. Contractor: why it’s important and how to tell the difference Using Form W-9 for better compliance TIN verification IRS letters and how to respond Backup withholding Paying reimbursements to contractors: 1099 reportable.