Overview:
As more and more small businesses are using independent contractors, the need to file 1099s is increasing. Form 1099s are filed by businesses to report any non-employee compensation paid to a freelancer or independent contractor. There are separate deadlines for filing different 1099s, and businesses can be penalized if they don't file by the deadline. Learn more about the 1099s, types, deadlines and what happens if you miss them.
*NEW TAX LAW CHANGES*
The One Big Beautiful Bill that passed includes permanently extending tax cuts from the Tax Cuts and Jobs Act, including increasing the cap on the amount of state and local or sales tax and property tax (SALT) that you can deduct, makes cuts to energy credits passed under the Inflation Reduction Act, makes changes to taxes on tips and overtime for certain workers, reforms Medicaid, increases the Debt ceiling, and reforms Pell Grants and student loans.
Areas Covered in this Training:
- Master the one and only thing “new” for 2025 forms you’re filing this month (excess golden parachute payments)
- Understand changes to the $600 threshold
- Prepare for Electronic filing updates — say goodbye to the FIRE system
- Learn about regulations relating to software as a service — could throw a wrench into your information return reporting
- Understand the proposed new Form W-9 with one major change relating to sole proprietors — but don’t start using it yet because it’s just a draft
- Demistify tips and overtime reporting and Form 1099 — a One Big Beautiful Bill item that will normally apply to employees, but could find its way to a 1099 now and then
- Ensure knowledge of various year-end/year-beginning compliance topics — in particular, what if you don’t have someone’s TIN and you need to send them a 1099 (sneak preview: you’re not going to like the answer), and state filing issues (don’t forget about possibly filing with the state)
Why attend this Training:
The passing of the One Big Beautiful Bill brings significant changes to the tax code and beyond. The bill permanently extends certain provisions from the Tax Cuts and Jobs Act (TCJA) that were set to expire, including an increased state and local tax (SALT) deduction cap, and introduces changes to taxes on tips and overtime for certain workers. Impacts to energy credits, Medicaid, the debt ceiling, Deduction for auto loan interest for certain vehicles and Child Tax Credit, student loans are also included.
This webinar provides a comprehensive structure that covers everything from the basics of Form 1099 to the updates for 2025 OBBB Act, compliance, withholding, penalties, and a dedicated Q&A session to engage the audience directly.
Learn best practices for managing 1099 Form compliances.
Suggested Attendees:
· Small Business Owners
· Entrepreneurs
· Tax Professionals & Preparers
· Accountants
· Freelancers & Self-Employed Individuals
· Financial Managers
· Business Operators
· CPAs
· Bookkeepers
· Enrolled Agents
· Office Managers
Jason Dinesen
Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert and a well-known presenter of continuing education courses. Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community.
Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics and much more. He has presented over dozens of webinars on Form 1099 (for 10 years on this subject!); marriage in the tax code; tax updates; the new Form W-4, payroll updates, filing status, tax credit and other issues relating to the modern-day household setting. He also teaches 2 classes at Simpson College, Individual Income Tax and Business Analytics.
Jason always had a knack for radio shows and has and regularly features as an anchor for Radio Iowa. He was born and raised in Iowa and has a degree in corporate communications from Simpson College in Indianola. He has a big family that includes his wife, two sons, 4 cats and 2 dogs. His other hobbies include being a season ticket holder to University of Iowa football.
NASBA -
CPE Credits = 2.0
“In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50 minute hour.”
StandEagle 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 submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org.
SHRM -
Standeagle is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 2.0 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit - portal.shrm.org.
HRCI -
This webinar has been approved for 2.0 HR (General) re-certification credit hours toward California, GPHR, HRBP, HRMP, PHR, and SPHR recertification through the HR Certification Institute.
The use of this seal is not an endorsement by the HR Certification Institute of the quality of the activity. It means that this activity has met the HR Certification Institute’s criteria to be pre-approved for re-certification credit.
ACCREDITATIONS
