Webinar: Surgent's A Complete Guide to Form 1099-K
WS1579 | Course | Basic | Scheduled
Description
The Internal Revenue Code (IRC) requires entities making certain types of payments, including business payments to contractors, to file information returns with the IRS. Information returns are intended to improve voluntary compliance with tax law by providing information about potentially taxable transactions to the IRS and taxpayers. A payment settlement entity (PSE) must file Form 1099-K for payments made in settlement of reportable payment transactions for each calendar year.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 2.00 | Taxes |
Designed For
Accounting and finance professionals who want to understand the reporting of various types of income on the Form 1099-K
Prerequisites
None
Highlights
- What Form 1099-K is designed to do
- Filing thresholds for the Form 1099-K
- Who sends and who receives Form 1099-K
- Form 1099-K reporting thresholds
- Personal payments from family and friends
- Personal items sold at a gain or a loss
- Reporting provisions for gig workers, partnerships, and corporations
- Mistaken receipt of a Form 1099-K
- What to do when the Form 1099-K has a mistake
- Situations when the gross amount on a Form 1099-K must be shared
- How to handle the receipt of multiple Forms 1099-K
Objectives
- Understand the tax return treatment of the Form 1099-K, a form that millions of taxpayers will receive and/or send in 2025
Preparation
None
Notes
This webinar is provided by Surgent. After registering for the course, you will receive an email from Surgent with instructions for logging in to the webinar and obtaining your eMaterials.
You may confirm that your computer meets the minimum requirements by visiting: https://www.surgentcpe.com/webinartest/.
Prices
- Member (Early Bird)
- $99.00
- Non-Member (Early Bird)
- $99.00
- Member
- $99.00
- Non-Member
- $99.00