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Secure Transaction Form 1099 Compliance
Format
Self-Study
Course Level
Overview
CPE Credits
1 Credits: Taxes
Course Description
Dealing with IRS Form 1099 compliance can be a daunting task for tax, accounting, and finance professionals. Each year brings the challenge of correctly documenting payments on various 1099 forms, where even minor errors can lead to significant penalties. The ‘Form 1099 Compliance’ self-study CPE course is designed to address these challenges with clarity and precision. The CPE course begins by outlining the problem: the complexities of managing multiple variations of Form 1099, including 1099-MISC, 1099-NEC, 1099-A, 1099-C, and 1099-K. It then agitates this issue by discussing the consequences of incorrect filings and the administrative hurdles that professionals face. The solution is provided through detailed guidance on each form’s reporting requirements and the threshold levels for electronic filing. This course also offers strategies for dealing with incorrect filings and tips for making the filing process more efficient. By completing this self-study CPE course, participants will not only understand the intricacies of Form 1099 but also be equipped with practical knowledge to ensure accurate and timely compliance, thereby avoiding costly penalties.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the threshold level at which electronic filing is required for 1099 forms.
- Specify the reporting requirements for each of the 1099 forms.
Course Specifics
SS824365778
January 8, 2024
There are no prerequisites.
None
33
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02412-24-S
IRS Federal Tax Law Credits: 1
CTEC Course Number: 2071-CE-1980
CTEC Federal Tax Law Credits: 1
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …
QAS Self-Study
