Form 1099-K Reporting Requirements
Includes Reconciliation Worksheet - Recorded 1/31/22
Many small businesses are concerned about new Form 1099-K reporting requirements effective for 2022. This course reviews the prior and new Form 1099-K reporting requirements, who issues a Form 1099-K, and how to report Form 1099-K on the tax return.
Learning Objectives
Learning Objectives
- Describe who issues Form 1099-K and under what circumstances.
- Explain the interactions between Form 1099-K and other information returns.
- Demonstrate how various Form 1099-K transactions are reported on Form 1040.
Education Information
IRS Program Number: NMVBP-T-00216-22-S
Length: 50 minutes plus optional question-and-answer session (no CE)
Prerequisite: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: Self-Study
Field of Study: IRS Federal Tax
Credit hour: 1 IRS CE
Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.
All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our refund and education policies.