Virtual
Reporting Consolidated 1099s for Investments 2024
Date: July 9, 2024
Time: 10 a.m. – 12:30 p.m. PT
Member
$129.00
Nonmember
$169.00
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Overview
Congress delayed the deadline to February 15 for Form 1099 reporting for payers using a Consolidated Form 1099. Forms 1099-B, 1099-DIV, 1099-INT and 1099-OID plus 1099-MISC are combined into one document for the client and the IRS. This change has made 1099s more confusing than ever; especially those related to fixed income securities. In this course, we'll go over the reporting on Forms 1099, explain how the information provided to IRS differs from the backup material in the form; and how to report it all correctly.
Product Code
1000002647-124793
Credit Type
CPE: 3CPE-Technical: 3CTEC-TX: 3IRS-TX: 3Accessibility
Closed Captioning Available
Intended Audience
Staff at all levels focused on compliance and 1099 reporting. Financial planners recommending fixed income securities.
NASBA Field of Study
Taxes
Level of Difficulty
Basic
Prerequisites
None
Advance Preparation
None
Learning Objectives
Major Subjects
- History of 1099 reporting of securities dividends, interest, OID and gain/loss
- Elections versus required reporting of amortization/accretion
- Examples using actual 1099 forms
Faculty
Additional Details
This is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.