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Essential Rules for 1099 Reporting to Independent Contractors

ESSENTIAL RULES FOR 1099 REPORTING TO INDEPENDENT CONTRACTORS

Cost $30.00
Presentation Length 2.0 hours

Recorded DateOctober 22, 2024
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

There’s a booming increase in gig workers, independent contractors (ICs), self-employed individuals, and the remote workforce in nearly all industries and sectors. They are independent of the control of a company or corporation. They often work on a contract basis with companies, and, thus are not considered employees of the companies who employ them.

As trusted advisors to our clientele, we must understand all applicable IRS regulations. Knowledge of the laws and compliance issues will allow us to properly inform clients who employ ICs how to determine whether the individual worker is an independent contractor or a regular employee, and implement a plan to avoid costly penalties.

Topics covered during this presentation include:


  • IRS & DOL Tests to Determine Status

  • Safe Harbor Rules & Relief Provisions for both Employers & Workers

  • Notable Court Decisions


There is a continuing “Battle between Employee and Independent Contractor Payments,” so, don’t wait until year-end to correctly classify these workers!

Learning Objectives:


  • Define employees and independent contractors

  • Determine the benefits and risks of the IC relationship

  • Recall annual planning considerations regarding worker classification

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE

Marcia L. Miller, MBA, EA

Financial Horizons, Inc
President & Owner

(954) 389-9510

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Marcia L. Miller, MBA, EA is President and Owner of Financial Horizons, Inc. 

Marcia’s experience spans over four decades of Accounting, Tax and Management Consulting for a practice with emphasis on representing Small Business Owners in all aspects of Taxes, Employment & Labor Issues, Pensions, Estate Planning as well as Federal, State (Nationwide) and Foreign mandatory reporting.

As an author, webinar expert, and live speaker for various national companies & accounting organizations at their annual conferences, she has shared her expertise on a multitude of current business taxation and accounting topics.

As a recognized Thought Leader and Speaker in the World of Information Reporting and commonly referred to as the "1099 Queen", Marcia was appointed to, and successfully completed a three-year term, as a Committee Member, to the Internal Revenue Service's Information Reporting Program Advisory Committee (IRPAC). 

She received both her MBA and BBA from the University of Miami School of Business.

About Our Presenter

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Financial Horizons, Inc. is an expert tax and consulting practice based in Ponte Vedra, FL, assisting taxpayers with their individual & business tax preparation and planning requirements.