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 or not