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ON-DEMAND Banking & Finance

Form 1099-MISC and 1099-NEC Compliance Update 2021

Learn who must receive a 1099-NEC or 1099-MISC, how 1099-K affects contractor reporting, how to treat app payments like Venmo, and how to file correctly.

FormatRecorded sessionWatch any time
Length60 minutes
Jason Dinesen Speaker Jason Dinesen Tax and accounting firm president · Dinesen Tax & Accounting, P.C. · President, Dinesen Tax & Accounting
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Overview

Form 1099 reporting has always been tricky, and recent changes have added to the burden. This 60-minute Form 1099-NEC and 1099-MISC compliance webinar starts with the basics: what a 1099 is, who gets one, and when corporations receive 1099s for medical and legal payments.

It then looks at Form 1099-K and how it interacts with contract labor reported on the 1099-NEC. With more contractors taking payment through apps such as Venmo, the session explains how, or whether, those payments are reported.

You'll also cover how to file 1099s, Form W-9, reimbursements to contractors, and the question of who exactly counts as a contractor.

Why attend: Getting 1099 reporting wrong creates risk for any business that pays contractors, and payment apps have made it harder to know what must be reported. This fast-paced session clears up the rules for the 1099-NEC, 1099-MISC and 1099-K. It suits accountants, tax preparers, HR professionals and payroll professionals.

What’s covered

  • The 1099-NEC and 1099-MISC forms
  • What a 1099 is
  • Who gets a 1099
  • When corporations get 1099s: medical and legal payments
  • How to file 1099s
  • Form 1099-K and its interaction with the 1099-NEC
  • Reporting contractor payments made through apps such as Venmo
  • Form W-9 updates and discussion
  • Handling reimbursements to contractors
  • Who exactly is a contractor

Who should attend

AccountantsTax preparersHuman resources professionalsPayroll professionals

What you get

CertificateEmailed to each attendee after the session.
HandoutsSlides and checklists to reuse with your team.

About the speaker

Jason Dinesen
Jason Dinesen
Tax and accounting firm president · Dinesen Tax & Accounting, P.C.

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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