Скачать или смотреть IRS Form 1099 Reporting 2021 – MISC and NEC Updates for What Payments are Reportable - Edupliance

Think of your own organization, can you name all the types of service providers you use? Do you know which payments are reportable on 1099s, and the minimum amounts you must pay before they are reportable? There is a new 1099-NEC for the tax year 2021 that replaces the box 7 payments of the 1099-MISC.

The threshold for a 1099-NEC is now - only $600 - that requires you to report these payments to the IRS, so they can match them against the other party's tax return.

Why You Should Attend
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After attending this webinar, you will be able to:
✔ How to develop an efficient Form 1099 reporting process.
✔ Best practice to minimize penalties using proper policies and procedures that work under new rules.
✔ How to determine if a worker is an independent contractor or an employee.
✔ Form 1099 relationship to B-Notices (CP2100) and TIN Penalty Assessments (972CG). For more information visit - https://cutt.ly/Rj4u7r8

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