Webcast
Basic
CPE Credits
3 Credits: Taxes
Course Description
Income providers send our clients lots of tax data to enter on their tax returns. In addition to knowing what the forms are about, it makes it easier if we know why IRS requests the information and how the data requests came about.
In this class, we’ll discuss Forms 1099-INT, OID, B and DIV. The law passed in 2008, made changes in the information to be reported to taxpayers on Forms 1099-INT, 1099-OID and 1099-B beginning in 2011. Form 1099-DIV has had a few tweaks since 2003 when “qualified dividends” became a thing we’ll talk about them as well. To complete your understanding, we will look at the actual forms issued by many national brokerage firms.
Learning Objectives
Upon completion of this course, participants will be able to:
- Determine how 1099 information for bond premiums and qualified dividends is reported on Forms 1040 and 1041;
- Recognize Covered vs. Non-Covered Securities; and
- Identify the differences between Bond Premium, Acquisition Premium and Accrued Market Discount.
Course Specifics
|
Course ID WC1823328411 |
Revision Date April 25, 2023 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02343-23-O
IRS Federal Tax Law Credits: 3
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02343-23-O
IRS Federal Tax Law Credits: 3
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1911
CTEC Federal Tax Law Credits: 3
CTEC Course Number: 2071-CE-1911
CTEC Federal Tax Law Credits: 3
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.
Course Instructor
Mary Kay Foss CPA is a frequent lecturer for professional and business groups. She has over thirty years of practical experience advising about retirement, income and estate planning issues. Ms. Foss is a member of the AICPA Individual and Self-Employed Technical Resource Panel, past chair of the AICPA Trust Estate and Gift Tax Technical Resource Panel and past chair of both the Estate Planning and the Taxation Committee of CalCPA. She is also past president of the Estate Planning Councils of Diablo Valley and East Bay and the East Bay Chapter of CalCPA. She teaches classes for CalCPA and has …
Getting the Data Right – Understanding 1099 Forms
$147.00
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
Webcast
Basic
CPE Credits
3 Credits: Taxes
Course Description
Income providers send our clients lots of tax data to enter on their tax returns. In addition to knowing what the forms are about, it makes it easier if we know why IRS requests the information and how the data requests came about.
In this class, we’ll discuss Forms 1099-INT, OID, B and DIV. The law passed in 2008, made changes in the information to be reported to taxpayers on Forms 1099-INT, 1099-OID and 1099-B beginning in 2011. Form 1099-DIV has had a few tweaks since 2003 when “qualified dividends” became a thing we’ll talk about them as well. To complete your understanding, we will look at the actual forms issued by many national brokerage firms.
Learning Objectives
Upon completion of this course, participants will be able to:
- Determine how 1099 information for bond premiums and qualified dividends is reported on Forms 1040 and 1041;
- Recognize Covered vs. Non-Covered Securities; and
- Identify the differences between Bond Premium, Acquisition Premium and Accrued Market Discount.
Course Specifics
|
Course ID WC1823328411 |
Revision Date April 25, 2023 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02343-23-O
IRS Federal Tax Law Credits: 3
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02343-23-O
IRS Federal Tax Law Credits: 3
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1911
CTEC Federal Tax Law Credits: 3
CTEC Course Number: 2071-CE-1911
CTEC Federal Tax Law Credits: 3
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.
Course Instructor
Mary Kay Foss CPA is a frequent lecturer for professional and business groups. She has over thirty years of practical experience advising about retirement, income and estate planning issues. Ms. Foss is a member of the AICPA Individual and Self-Employed Technical Resource Panel, past chair of the AICPA Trust Estate and Gift Tax Technical Resource Panel and past chair of both the Estate Planning and the Taxation Committee of CalCPA. She is also past president of the Estate Planning Councils of Diablo Valley and East Bay and the East Bay Chapter of CalCPA. She teaches classes for CalCPA and has …
Getting the Data Right – Understanding 1099 Forms
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
$147.00