Form 1099 Changes For 2021

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Banking and Finance Webinar Image
Date
19 October, 2021 (Tuesday)
Time
10:00 AM PST | 01:00 PM EST
Duration
60 Minutes

Overview

Forms 1099-NEC and 1099-MISC have changed for 2020 and again in 2021. This webinar will help you stay compliant by covering what these forms are, when you need to use them, how to file them, and other scenarios you may encounter. We will cover a form called Form 1099-K, which interacts with the Form 1099-NEC, and changes enacted in the American Rescue Plan which will impact the 1099-K. We will also cover new topics based on feedback from audiences in prior webinars, such as how to handle payments made to contractors through Venmo.

Area Covered

  • A look at the 2021 versions of the forms
  • What is a 1099?
  • Who issues 1099s?
  • When do corporations get 1099s?
  • What is a medical or healthcare payment?
  • What is a medical payment?
  • What exactly is “box 3 Other Income”?
  • Due dates and penalties
  • The new e-file mandate
  • Form 1099-K: what is it and how does it impact the 1099-NEC?
  • Dealing with Venmo payments
  • Backup withholding
  • Using Form W-9 for compliance
  • Handling reimbursements to contractors

Why Should You Attend

This webinar will help you keep compliance with your Form 1099 filing obligations.

Who Will Benefit?

  • Business Owners
  • Managers
  • Office Managers
  • Bookkeepers
  • CFO's
  • Controllers
  • Accountants

Speaker

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

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