On-demand Webinar: Form 1099-MISC: Box-by-Box Explanation of IRS 2023 Reporting Requirements


Form 1099 reporting of vendors and others for a very wide range of payment types requires filing IRS Form 1099-MISC – the “Miscellaneous Income” 1099. With 18 boxes for data and its reporting rules dictated by multiple sections of the tax regulations, Form 1099-MISC is not a simple compliance task. Join this webinar for essential information to help you navigate the 1099-MISC reporting requirements:

• What must be reported as “Other Income” in Box 3?
• Are you coding correctly to catch all of the types of payments reportable as “Rent” in Box 1?
• How do you define “Royalties” required to be reported in Box 2?
• When would there be federal income tax withheld and reported in Box 4?
• How are medical and health care payments in Box 6 different from what’s reportable on the Form 1099-NEC?
• Precisely what does “direct sales” mean for Box 7?
• What are Box 10 “Gross proceeds paid to an attorney” and how do we identify them in our system?
• Why are there two separate Boxes 5 and 11 relating to the fishing industry?
• What’s the role of Boxes 12, 14 and 15 for deferred income and golden parachutes?
• Why are there state information boxes and what does the IRS do with that data?

Learning objectives:

• Identify all types of payments reportable on IRS Form 1099-MISC
• Identify payees that are exempt from being reported on the 1099-MISC

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Featured speaker:

Marianne Couch, JD - Principal, Cokala Tax Information Reporting Solutions, LLC

Marianne Couch, JD, a Principal in the Cokala Tax Group, is an advisor on U.S. federal information reporting compliance.  She is a frequent lecturer at major tax conferences and the author of numerous published articles. She served for many years as Research Director of an information reporting and withholding consultancy where she chaired special training and advisory services provided to large organizations and academic and nonprofit institutions. She was previously a member of the IRS Information Reporting Program Advisory Committee (IRPAC), where she served as Chair of the IRPAC Subcommittee on Small Business and Self-Employed (SBSE) tax issues.  In this capacity, she testified annually before the IRS Commissioner on issues of concern to the information reporting community.  Marianne has previously worked as a litigator for a large Michigan law firm, where she represented individuals and large clients in many types of civil actions, and formerly served as a Research Attorney for the Michigan Court of Appeals.

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Accessibility Information:

IOFM is committed to accessibility. Disability-related accommodation requests for the live event (such as providing live captioning) should be sent to [email protected] by close of business the day before the live webinar. A captioned recording of this webinar can be made available upon request to [email protected].

Cancellation policy:

To cancel your registration for this event, simply contact IOFM customer service at [email protected] (or call 207-842-5557) no later than 24 hours prior to the scheduled start of the event. You can choose to access the full recorded event, or, your credit may be applied toward the purchase of any IOFM product or interactive event. If for any reason you are not completely satisfied with this program, we will provide a full refund — no questions asked!

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