Fundamentals of 1099

Business - Anne Wheeler

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Records Payable (AP) Specialists may not be associated with the yearly 1099 announcing but rather they ought to comprehend the procedure: it begins with an accurately finished and marked W-9 shape.

This course covers the fundamentals of frame 1099, including distinguishing the Vendors that ought to get 1099, how to decide the sums to be accounted for, the reasons why one may not be sent to a recognized merchant, the announcing classes, and when and to whom 1099's ought to be sent.

Despite the fact that the undertaking of sending 1099's is just done once every year, there are steps that can be performed during the time to guarantee the precision of the last revealing.

This course likewise presents frame 1096 and covers the means to be taken if a B Notice is gotten from the Internal Revenue Service (IRS).

 

 

Learning Objectives:

  • Explore what 1099 forms are and which vendors they should be sent to.
  • Recognize the different types of 1099 forms.
  • Identify the amounts to be reported on 1099.
  • Discover the importance of auditing the 1099 data.
  • Explore Internal Revenue Service (IRS) form 1096 and B Notice forms.

Instructor

Anne Wheeler

Expert in Accounting

Anne started CS Process Flows, LLC in April of 2016 after a 30+ year career working in various accounting…

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What will you cover?

  •   Introduction 00:04:39

Instructor

Anne Wheeler

Expert in Accounting

Anne started CS Process Flows, LLC in April of 2016 after a 30+ year career working in various accounting…

Training 5 or more people?

Get your team access to WIISE top 2,000 courses anytime, anywhere.

Try WIISE for Business
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