The IRS has changed the way contract labor is reported. Starting with 2020, you will report contract labor on a Form 1099-NEC instead of Form 1099-MISC. This webinar will cover that change, along with other 1099 topics such as how to file, when to file, how to fix errors, and how to tell the difference between a contractor versus an employee. We will also cover the Form 1099-K and how it interacts with other types of 1099s, making it so payments subject to 1099-K reporting are not subject to reporting on other types of 1099s. This webinar will help you stay in compliance and avoid penalties.
WHY SHOULD YOU ATTEND?
The IRS has changed the way contract labor is reported. Starting with 2020, you will report contract labor on a Form 1099-NEC instead of Form 1099-MISC. This webinar will cover that change, along with other 1099 topics such as how to file, when to file, how to fix errors, and how to tell the difference between a contractor versus an employee. This webinar will help you stay in compliance and avoid penalties.
AREA COVERED
- New Form 1099-NEC
- Who must file 1099s (of any type)
- What transactions are reportable
- Who receives 1099s
- Deeper discussion of: medical payments, and legal payments
- Filing issues: how to file, when to file, penalties for late filing
- Contractor vs. employee: how to tell the difference and why it’s important
- Reimbursements to contractors
- Form 1099-K and its interaction with other types of 1099s
WHO WILL BENEFIT?
- Business Owners
- Bookkeepers
- Office Managers
- Accountants
The IRS has changed the way contract labor is reported. Starting with 2020, you will report contract labor on a Form 1099-NEC instead of Form 1099-MISC. This webinar will cover that change, along with other 1099 topics such as how to file, when to file, how to fix errors, and how to tell the difference between a contractor versus an employee. This webinar will help you stay in compliance and avoid penalties.
- New Form 1099-NEC
- Who must file 1099s (of any type)
- What transactions are reportable
- Who receives 1099s
- Deeper discussion of: medical payments, and legal payments
- Filing issues: how to file, when to file, penalties for late filing
- Contractor vs. employee: how to tell the difference and why it’s important
- Reimbursements to contractors
- Form 1099-K and its interaction with other types of 1099s
- Business Owners
- Bookkeepers
- Office Managers
- Accountants
Speaker Profile
Jason Dinesen
Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on accounting and bookkeeping services, tax preparation and business advising to individuals with a business focus ranging from home-based businesses to multistate corporations and not-for-profits. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College
Upcoming Webinars
ChatGPT and Project Management: Leveraging AI for Project M…
Workplace Investigations 101: How to Conduct your Investiga…
Project Management for administrative professionals
The Monte Carlo Simulations in Excel for Risky Investments
Onboarding is NOT Orientation - How to Improve the New Empl…
Dealing With Difficult People: At Work & In Life
Transform Data into Insights: A Beginners Guide to Excel Pi…
Construction Lending And Real Credit Administration: Evalua…
Understanding Accounting for non - Accounting professionals
Harassment, Bullying, Gossip, Confrontational and Disruptiv…
New Form 1099 Reporting Requirements: 2025 Compliance Update
Human Error Reduction Techniques for Floor Supervisors
HR Metrics and Analytics 2025 - Update on Strategic Plannin…
Treating Employees Like Adults: Discipline versus Empowerme…
7 Ways To Beat Burnout: Without Quitting Your Job
How to Write Procedures to Avoid Human Errors
Handbook Overhaul 2026: Compliance, OBBB Act & Beyond
FDA Proposes Framework to Advance Credibility of AI Models
Ethical Terminations: Navigating Employee Exits with Legal …
Understanding EBITDA – Definition, Formula & Calculation
Project Management for Non-Project Managers - Scheduling yo…
4-Hour Virtual Seminar on Hidden Secrets of Selling & Marke…
Validation Statistics for Non-Statisticians
Data Integrity and Privacy: Compliance with 21 CFR Part 11,…
The Alphabet Soup: When the FMLA, ADA, COBRA, and Workers' …
Talent Management: How to Leverage AI and ChatGPT Tools for…
Offboarding with Care: Conducting Legal & Ethical Employee …
2-Hour Virtual Seminar on How to Conduct an Internal Harass…
Payments Fraud Detect & Prevent Check, ACH and P-Card Schem…
Managing Toxic & Other Employees Who have Attitude Issues
Reduce Stress in the Workplace: Effective Ways to Handle Co…
Excel - Pivot Tables - The Key To Modern Data Analysis and …