Analyzing Form W9s for 1099 Prep 2024

Wednesday, December 18, 2024
Webcast or Webinar, Online
5:00 PM - 6:00 PM (opens at 4:30 PM) EST
1Credits

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Members
$49.00 Regular Price
Non-Members
$59.00 Regular Price

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$20.00 Members / $28.00 Non-Members
Course Type: Webcast
Course Code: 24/4125282
Level: Basic
Vendor: California CPA Education Foundation
Field of Study: Taxes

Overview:

In this class, we will look at the true beginning of the Form 1099 preparation process: when a relationship with a new vendor is started. We will look at a series of Form W9s with different state-level and tax entity types. We will use that information to analyze how each vendor's W9, in concert with information about the vendor's goods/services provided, influences what kind of 1099 they may or may not receive come January 31. We will also talk about when a Form W9 should be collected from a new vendor.

Objectives:

• Recognize when a Form W9 needs to be collected from a new vendor • Identify the process of determining when a vendor is a true independent contractor • Identify the common components of a Form W9s and the different state level and tax entity types commonly listed • Analyze how the components of the Form W9 and information about the vendor's goods/services provided flow to the Form 1099 preparation process

Major Topics:

• Taxes • Form 1099 • W9 • Vendors

Major Topics:

• Taxes • Form 1099 • W9 • Vendors

Designed For:

CPAs and other accounting professionals involved with 1099 work.

Prerequisites:

None