This webinar will address changes to Form 1099 reporting for tax year 2020 – the first year when Accounts Payable is required to file both Form 1099-MISC and the new Form 1099-NEC.
- Due dates for Form 1099 filing to the IRS and furnishing statements to payees
- Which forms are eligible for extension of the IRS due date?
- Changes in electronic filing and the threshold at which efiling is mandatory
- What’s reportable box-by-box on the 2020 Form 1099-NEC, Nonemployee Compensation
- What’s reportable box-by-box on the 2020 Form 1099-MISC, Miscellaneous Income, including major changes to the form
- IRS Form 945 reporting nonpayroll withholding of federal income tax
- Identify changes to Form 1099 reporting for tax year 2020; identify possible further changes in 2021 and beyond.
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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