Overview of the webinar
1099s report payments made to non-employee service providers, as well as payments to suppliers and
other entities you do business with. Think of your own organization:
Can you name all the types of service providers you use?
Do you know which payments are reportable on 1099s, and the minimum amounts you must pay before
they are reportable?
There is a new 1099-k threshold for tax year 2023 that was slated for 2022. The IRS delayed
implementation due to the uproar. The 1099-k will now require third party payment processors like
venmo, paypal, google-pay and apple-pay to report all payments over 600 made to you and me. This is
down from the previous threshold of $20,000. Needless to say, this new check and balance will require
most individual taxpayes, and any companies who use these services, to monitor all payments from all
sources, and make sure that they are reported.
Note that these payments were always reportable as taxable income. The difference is the IRS will know
exactly who paid you and how much. They are now reporting same as the W2, 1099-NEC and other
1099s. Attend this live webinar to find out exactly what this means for your business.
Area Covered In The Webinar
An overview of new 1099 Forms
Latest Form 1099-NEC, 1099-MISC, 1099k, and any changes to other 1099 form reporting
requirements with specifics .
How to know when and what to report
Step-by-step review of Form 1099 reporting mechanics
Online reporting trends, and how to report online
Why should you attend?
How to develop an efficient Form 1099 reporting process
Best practice to minimize penalties using proper policies and procedures that work under new
rules
How to determine if a worker is an independent contractor or an employee
Form 1099 relationship to B-Notices (CP2100) and TIN Penalty Assessments (972
And much more…
Who will benefit: A/P managers, A/P staff. Payroll managers, finance executives. Tax
professionals. Third party payment settlement and processing agencies.
Who Will Benefit?
You can’t afford to only grasp the basics … learn the ins and outs of 1099 filing requirements for
2019 in this must-attend session.
About the speaker
Years of Experience: 33+ years
Mark Schwartz is an employment tax specialist with over 25 years as a payroll tax collector, payroll tax auditor, and payroll tax consultant. He is also a current payroll processor and advisor to clients on a multitude of payroll and hr related issu