Tuesday, July 22 | 8:00 a.m. - 9:40 a.m. | Concurrent Session
Navigating the Reporting of Form 1099-K
2 CPE for AFSP, EA, CFP®, CPA, CRTP
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This session explores the evolving landscape of Form 1099-K, Payment Card and Third Party Network Transactions, reporting, focusing on the IRS's expanded reporting requirements for third-party settlement organizations. Through practical examples and real-world case studies, tax professionals will learn how to identify income, apply proper reporting techniques and counsel clients effectively.
Objectives
Upon completion of this session, you will be able to:
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Identify when a 1099-K will be issued to a taxpayer
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Outline issues surrounding new reporting rules
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Formulate targeted client interview questions that help uncover unreported income and clarify business versus personal transactions
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Examine best practices for building defendable positions taken regarding Form 1099-K
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CPE information
Duration: 100 minutes
Course level: Intermediate
Prerequisite: Basic understanding of federal income taxation rules
Advanced preparation: None
Delivery method: Group Live
