- Identify payments made during 2021 that must be reported to the IRS on the Form 1099-MISC or 1099-NEC.
- Identify specific categories of payees and payments that are not reportable, and know what documentation you
need in order to exclude a payment from 1099 reporting
- Recognize the elements that require you to doubt the documentation furnished by a payee on Form W-9; how to
identify the reportable payee when you pay sole proprietors, LLCs, agents or middlemen; and how to identify
- Identify payment situations in which your organization has a backup withholding obligation, and what to do with
the 24% you are required to withhold from the payment
- Know how to prepare IRS Forms 1099 for 2021 and file with the IRS - include changes in regulations,
procedures, and instructions
- Comply with IRS filing requirements for Form 945, the tax return for withheld federal tax liabilities
Please note that this class is not designed to address the complex issues that arise in securities, bank financial
instruments, mutual funds, retirement plan or IRA tax reporting.
CLASS REGISTRATION FORM (download PDF for on-screen fillable form)
By phone: call 734-358-7875 or 734.629.5155. Or, fill out registration form and email it to email@example.com, or send
form by mail to COKALA Tax Information Reporting Solutions LLC, PO Box 2224, Ann Arbor MI 48106.
Registration fee: $380 standard registration; $342 if attendee's company is a Cokala subscriber.
COKALA offers you
practical training in
FORM 1099 and W-9 TAX REPORTING COMPLIANCE for 2021
1-day training class
Updated for 2021
- Online in real time, first presentation Wednesday, April 14
Taught by Marianne Couch, JD
This 1-day training program is updated for 2021 as the IRS continues to make changes in the reporting
required on Form 1099-MISC and for the second year of reporting on the new Form 1099-NEC. Covers
Form W-9 (requirements to obtain this form from payees and what it tells you); federal backup
withholding of 24% tax required on certain payments; IRS filing of Forms 1099; rules for furnishing Form
1099 statements to payees; pending changes in IRS requirements to file Forms 1099 electronically;
Form 945 annual return required when tax has been withheld; and how to process and respond to IRS
Notices CP2100 (notification that you've filed Forms 1099 with missing and incorrect tax identification
numbers) and 972 CG (proposing penalty assessment for failures in Form 1099 reporting).
Cokala programs for 1099 and 1042-S tax compliance are widely respected for teaching the tax
technical requirements in the context of real-life situations and providing answers to the questions you
bring to class. In addition, your participation in this training program gives you three months of custom
Q&A support from Cokala's well-known tax technical compliance advisors, to help you with questions
which come up your in work after attending class.
This program is presented in group internet format. Program level is Basic; there is no prerequisite requirement for this
class, and no advance preparation required.
CPE RECOMMENDED CREDITS: 6
COKALA Tax Information Reporting Solutions, LLC is registered with the
National Association of State Boards of Accountancy (NASBA) as a sponsor
of continuing professional education on the National Registry of CPE
Sponsors. State boards of accountancy have final authority on the
acceptance of individual courses for CPE credit. Complaints regarding
registered sponsors may be addressed to the National Registry of CPE
Sponsors through its website: www.nasbaregistry.org.
COKALA is also registered with the Texas State Board of Public Accountancy as a CPE Sponsor and with the Illinois
Department of Financial and Professional Regulations as a Continuing Professional Education Sponsor.
Cancellation and refund policies
Refunds: Requests for refunds must be received in writing (email or mail) at least seven business days prior to the first
day of the program, and are subject to a $50 cancellation fee.
For more information regarding administrative policies such as complaint, refund and cancellation, please contact our
office at 734.629.5155.
|COKALA Tax Information Reporting Solutions, LLC
PO Box 2224, Ann Arbor MI 48105-2224