Financial institutions are required to report many types of 1099 forms to the IRS each year. Does your credit union know when and how to file each type of 1099? For example, Form 1099-A must be filed when you foreclose on collateral. You must file Form 1099-MISC if your credit union awards a prize worth $600 or more. Form 1099-INT must be filed when you give $10 to a member to open a new account. Join us to learn the proper use of the different types of 1099 forms, when they must be filed, and review the new version of each form for the 2013 tax year.
Presenter: Elizabeth Fast, Spencer Fane Britt & Browne LLP
Who should attend: Accounting Clerks, Operations Personnel, Tax Personnel, Accountants, Management Staff, Compliance Officers, Counsel, and CEOs.
Time: 2 p.m.-3:30 p.m.
Cost: $209 for live webinar only; $229 for live webinar, plus a web link and free CD-ROM
Registration deadline: Monday, Nov. 18
Pairing conferencing capabilities with web technology, this session brings informative, interactive training directly to you. During the webinar, you'll view a real-time PowerPoint presentation on your computer while listening to the audio connection via telephone.
While credit unions are encouraged to use the webinar to train multiple individuals at once, the credit union will be charged for each computer connection that uses its login code. Participants will receive login instructions and handout materials via email prior to the webinar. In addition, registrants may also receive an archive CD-ROM after the live session.
New: Take-Away Toolkit which includes a) Copies of the 2013 IRS Instructions for Forms 1099-A, 1099-C, 1099-INT and 1099-MISC; b) Employee training log; and c) Quiz you can administer to measure staff learning and a separate answer key. Attendance verification for CE credits provided upon request.