Duration: 100 minutes
Course Level: Intermediate
Prerequisites: Basic knowledge of income taxation
Advance Preparation: None
Delivery Method: Self-Study
|
CPE Credits |
Designation |
Field of Study |
| IRS * |
2 |
EA |
Federal Tax Law Topic |
| NASBA |
0 |
CPA |
N/A |
| CTEC |
2 |
CRTP |
Federal Tax Law Topic |
| CFP Board |
2 |
CFP® |
Income Tax Planning |
* NATP will report CPE credits to the IRS for all PTIN holders. CPE is currently not mandatory for RTRPs or RTRP candidates and any option to register or participate in this program is strictly voluntary.
Fees: $49 for Members and $60 for Nonmembers
Summary
Requirements to issue various tax reporting forms has become increasingly complicated yet at the same time remains confusing and inconsistent. This webinar will attempt to define and clarify the rules involving the different type of tax reporting forms such as the 1099, 1098 and W-2 series.
Objectives:
Upon completion of this webinar, you will be able to:
- Properly report accrued interest, original issue discount (OID), government and municipal bond interest reported to your clients.
- Determine when 1099s are required and what boxes should be completed.
- Identify when it's appropriate to issue a 1099 nominee distribution to another taxpayer.
- Handle incorrectly issued 1099s or unissued 1099s.
- Properly report wages when no W-2 has been issued.
Presenter: Steven O'Rourke, EA
CPE Sponsor Information