Over 50% of the IRS Form 1099-MISC tax information return has changed for 2020 reporting (due to the IRS in 2021). In this eye-opening presentation we’ll walk through the new 2020 1099-MISC and discuss updates payer organizations are making internally to be prepared for 2020 year-end reporting. We’ll address the many types of payments subject to reporting on Form 1099-MISC, where the information must be positioned in 2020 reporting, which payments and payees are exempt from reporting, and why the form includes boxes for state information.
- Box-by-box basic explanation of the 2020 1099-MISC form
- Boxes that have changed their purpose for reporting year 2020
- Updating procedures and systems; coordinating with software or service providers
- Identify payments reportable on the 2020 Form 1099-MISC, and locate the correct box or reporting position for each type of 1099-MISC reportable payment.
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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