Information Return Year-in-Review I

There is more than meets the eye when it comes to Form 1099 changes. Many professionals are aware of things like the draft of a new W-9, the change in the $600 threshold, and the FIRE system shutting down. But there is so much more that has happened in the past year. This session will cover the biggest changes, including the draft of a new W-9, new reporting of tips and overtime on 1099s, the change in the $600 threshold, new regulations relating to the change to the thresholds, and the shutdown of the IRS’s FIRE system. We will also dive into the Treasury Department investigating changes to the e-delivery rules as well.

Learning Objectives

1. Understand the proposed new Form W-9
2. Identify where dollar thresholds have changed and where they have not changed
3. Understand when to report tips and overtime on a 1099
4. Understand how to e-file an information form with the IRS
5. Understand the surprisingly complex e-delivery rules

Featured Speaker

Jason Dinesen

Jason Dinesen, EA, is a distinguished tax professional and educator with a fervent passion for demystifying complex tax concepts. Jason is the founder of Dinesen Tax & Accounting, P.C. and Dinesen Tax Advisory, LLC in the tax and accounting world. He also is founder of Dinesen Media Ventures, which provides a diverse range of media content, ranging from continuing education programs for accountants and tax professionals, to podcast production to radio and journalism content. 

Recognized for his sharp tax interpretations, Jason is renowned for promptly analyzing the latest tax updates and IRS guidance, sharing his insights with the professional community. Over his career, he has educated more than 200,000 accounting, tax, and HR professionals on various topics. Form 1099 was the very first thing he ever taught on, on April 26th, 2012, at a Sheraton Hotel next to a Lowe's in West Des Moines, Iowa. He still teaches on 1099s and around 30 other tax topics.

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