Information Return Year-in-Review I | Product

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

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