2022 Update for IRS Form 1099-NEC and 1099-MISC Reporting | Product

This essential annual update will prepare you to handle the changes in IRS forms, instructions and regulations for 2022 tax reporting required on Form 1099-NEC (Non-Employee Compensation) and 1099-MISC (Miscellaneous Information). 

• Changes in the IRS electronic filing mandate and the impact these will have on your organization
• Due dates for Form 1099-NEC and 1099-MISC filing to the IRS and furnishing statements to payees
• Which forms are eligible for extension of the IRS due date and how is an extension obtained?
• What’s reportable box-by-box on the 2022 Form 1099-NEC, Nonemployee Compensation?
• What’s reportable box-by-box on the 2022 Form 1099-MISC, Miscellaneous Information?
• IRS Form 945 annual filing to report non-payroll backup withholding of federal income tax

Learning Objective:

• Identify changes to Form 1099-NEC and 1099-MISC reporting for tax year 2022