Box by box, this new compliance training program will help you identify all the payment types which require reporting to the IRS on Form 1099-MISC – and Form 1099-NEC – and also identify non-reportable payments (because reporting non-reportables only increases your cost, workload and potential penalty exposure). We’ll drill down into the specific form instructions, the IRS general instructions for information returns, and some determinative provisions in the tax regulations to clarify what to report and what to omit. For example: Rent includes more than payments for space or equipment; Royalties must be distinguished from leases or services; “Other income” is broad but has some specific limitations; Payments to attorneys must be channeled to the 1099-MISC or 1099-NEC according to regulations; Medical and health care payments have a regulatory definition; Nonemployee services need careful categorization; and exclusions exist for certain non-fixed and determinable amounts, freight, merchandise, the general welfare exclusion and a number of other frequently encountered rules.
- Identify the specific payment types reportable in each “box” category of the IRS 1099-MISC and 1099-NEC forms
- Identify non-fixed and determinable amounts and other payments which are not 1099-MISC reportable
Marianne Couch, JD - Principal, Cokala Tax Information Reporting Solutions, LLC
Marianne Couch, JD, is a Principal in the Cokala tax group and 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, The Master Guide to Form 1042-S Compliance and numerous published articles. Prior to co-founding Cokala in 2007, 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.
Marianne was an appointee for three years to the IRS Commissioner’s 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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