Learn how to prepare now for year-end 2019 tax reporting required on IRS Form 1099-MISC – plus get an early look at changes for reporting payments you’ll make in 2020.
Does your organization make payments to non-employees/vendors for other than services? With 18 boxes on it, the 2019 Form 1099-MISC requires the reporting of several different types of payments including not only nonemployee compensation but also rents, royalties, and “other income,” which can include taxable legal settlement payments made to claimants. This webinar will address the many types of payment subject to reporting on Form 1099-MISC, which payments and payees are exempt from reporting, how to treat payments that are composed of party reportable and non-reportable amounts, and why the IRS included state reporting boxes on the form.
BONUS content: learn what will be reportable on the new Form 1099-NEC which IRS plans to introduce for year-end 2020 reporting.
- Identify the types of payments reportable on the tax year 2019 Form 1099-MISC, and exempt payees and payments;
- Identify how and why taxable legal settlements must be reported by the payer to an attorney’s client;
- How to attend to any state reporting obligations.
Marianne Couch, JD - Principal, Cokala Tax Information Reporting Solutions, LLC
Marianne Couch, JD, a Principal in the Cokala tax group since its founding early in 2007, is an experienced and well-known advisor on U.S. federal and state tax information reporting compliance. She is a frequent lecturer at major tax conferences and the author of The Master Guide to Form 1099 Compliance and numerous published articles. She is a founding partner of Cokala. Previously, she was for many years the Research Director of the tax reporting specialty firm Balance Consulting, and chaired special training and advisory services provided to large organizations and academic and nonprofit institutions. She also formerly served as the executive director of the National Association of Form 1099 Filers, Inc.
Marianne was an appointee for three years to the IRS Information Reporting Program Advisory Committee (IRPAC), where she was Chair of the IRPAC Subcommittee on Small Business and Self-Employed (SBSE) tax issues.
Marianne formerly served as a Research Attorney for the Michigan Court of Appeals, and earlier as a litigator for a large Michigan law firm, where she represented individuals and large clients in many types of civil actions. She received her JD, cum laude, from the Michigan State University School of Law, and is a member of the State Bar of Michigan.
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