HomeWebcast1099- MISC Issues for 2011: What You Need to Know
1099- MISC Issues for 2011 CLE

1099- MISC Issues for 2011: What You Need to Know

Live Webcast Date: Tuesday, October 25, 2011 from 12:00 pm to 2:00 pm (ET)
Legal (CLE)Recording

1099- MISC Issues for 2011

Join us for this Knowledge Group 1099- MISC Issues for 2011 Webinar. 2010-2011 proved to be a tumultuous year for taxpayers especially in the area of 1099 reporting requirements. Although the passing of the Comprehensive 1099 Taxpayer Protection and Replacement of Exchange Subsidy Overpayments Act of 2011 nullified some of the thorniest issues, companies, small businesses, and tax payers need to understand the new 1099 requirements left over to stay ahead of the penalty curve. The Knowledge Group is assembling a panel of distinguished professionals and key regulators to help businesses and tax payers understand the most recent developments in 1099 reporting requirements. The speakers will share their expert opinions in a two-hour Webcast. They will discuss:

  • Fundamentals and Updates on FORM 1099-MISC
  • Notable Case History Regarding Independent Contractors
  • Employee vs. Independent Contractor Status
    • Identifying the differences between employees and IC’s
    • Aspects of control
    • Potential penalties and remedies for misclassification
    • Getting Ready for an Exam
  • Modernized Twenty Factor Test: Common Law Rules as they appear on Form SS-8
  • New IRS settlement initiative
  • And answers to questions submitted by you!

Agenda

SEGMENT 1:
Raelane Hoff, FSLG Specialist
Internal Revenue Service

  • What’s new –Recent changes in the law
  • Fundamentals—Requirements for 1099MISC filing
  • Common Errors—Ways to avoid mistakes

SEGMENT 2:
Mario J. Fazio, Partner, 
Meyers, Roman, Friedberg & Lewis

  • Independent contractor vs. employee classification
  • Aspects of control
  • Penalties for misclassification and requirements for relief
  • New IRS settlement initative

SEGMENT 3:
William F. Becker, Jr., CPA, MBA, Tax Partner, 
Cherry, Bekaert & Holland, L.L.P.

  • New reporting options for workers that believe they are misclassified
  • Requirements for workers filing Form 8919
  • IRC Section 530 Relief provisions for business preventing workers from being reclassified as employees
  • Overview of requirements
  • Understanding tests used for determination
  • Consistency Test
  • Reasonable Basis Test

SEGMENT 4:
Marcia L. Miller, MBA, EA, President, 
Financial Horizons, Inc.

  • Modernized Twenty Factor Test: Common Law Rules as they appear on Form SS-8
    • Behavioral Control
    • Financial Control
    • Types of Relationships
  • Notable Case History Regarding Independent Contractors
    • Freelance Strippers Sue Employer
    • Microsoft "Freelancers"
    • Fedex Ground/Home Delivery
    • Nokia Hires from 3rd Party
    • Nascar Woes

Who Should Attend

  • CPAs
  • Finance Officers
  • Controllers
  • Consultants
  • Tax preparers
  • Legislative Attorneys
  • Tax Directors
  • Accountants or Attorneys practicing on Tax Advice and Controversy
  • General Counsel
  • Tax Advisors
  • Federal Tax Litigation Attorneys

1099- MISC Issues for 2011

SEGMENT 1:
Raelane Hoff, FSLG Specialist
Internal Revenue Service

  • What’s new –Recent changes in the law
  • Fundamentals—Requirements for 1099MISC filing
  • Common Errors—Ways to avoid mistakes

SEGMENT 2:
Mario J. Fazio, Partner, 
Meyers, Roman, Friedberg & Lewis

  • Independent contractor vs. employee classification
  • Aspects of control
  • Penalties for misclassification and requirements for relief
  • New IRS settlement initative

SEGMENT 3:
William F. Becker, Jr., CPA, MBA, Tax Partner, 
Cherry, Bekaert & Holland, L.L.P.

  • New reporting options for workers that believe they are misclassified
  • Requirements for workers filing Form 8919
  • IRC Section 530 Relief provisions for business preventing workers from being reclassified as employees
  • Overview of requirements
  • Understanding tests used for determination
  • Consistency Test
  • Reasonable Basis Test

SEGMENT 4:
Marcia L. Miller, MBA, EA, President, 
Financial Horizons, Inc.

  • Modernized Twenty Factor Test: Common Law Rules as they appear on Form SS-8
    • Behavioral Control
    • Financial Control
    • Types of Relationships
  • Notable Case History Regarding Independent Contractors
    • Freelance Strippers Sue Employer
    • Microsoft "Freelancers"
    • Fedex Ground/Home Delivery
    • Nokia Hires from 3rd Party
    • Nascar Woes

1099- MISC Issues for 2011

1099- MISC Issues for 2011

Raelane HoffFSLG SpecialistInternal Revenue Service

Raelane works as a Federal, State, and Local Government Specialist for Indiana. In this position, she works directly with government customers to assist them with employment tax issues including reporting and compliance. She also assists customers by speaking at educational forums.

Raelane has been with the Service since 1987 and has had experience in audits of individuals, corporations, and partnerships for both income and employment taxes. She has taught Small Business workshops for external customers as well as presentations and webinars on employment taxes for customers and internal staff.

Raelane is a graduate of Indiana State University with a BS in Accounting and is a Certified Public Accountant. She works out of the Terre Haute, Indiana office.

1099- MISC Issues for 2011

Mario J. FazioPartnerMeyers, Roman, Friedberg & Lewis

Mario Fazio, Esq., Chair of the Taxation practice area at Meyers, Roman, Friedberg & Lewis, is a Certified Specialist in Federal Taxation law by the Ohio State Bar Association with an extensive background in corporate, partnership and real estate taxation. Mr. Fazio represents a wide variety of corporate clients, including start‐up and existing businesses, entity formations, sales and purchases of businesses, mergers, business succession planning, and financing matters. He is a former IRS Chief Counsel Attorney and has been named an Ohio Super Lawyer for 2008, 2009, 2010, and 2011.

1099- MISC Issues for 2011

William F. Becker, Jr., CPA, MBATax PartnerCherry, Bekaert & Holland, L.L.P.

WILLIAM F. BECKER JR., CPA, MBA, is a tax partner in the Tampa office of Cherry, Bekaert & Holland, L.L.P. (www.cbh.com). A graduate of the University of South Florida, his primary practice areas include tax consulting, real estate taxation and pass-through entities. Mr. Becker has served in tax positions in both public accounting and corporate tax departments. He is a frequent continuing education instructor and has authored numerous articles on tax issues for national and regional publications. In addition to being a member of Cherry, Bekaert & Holland’s Real Estate Construction Industry Group, Mr. Becker is a member of the American Institute of Certified Public Accountants, the Florida Institute of Certified Public Accountants, Urban Land Institute, Tampa Bay Estate Planning Council and has been involved in various community activities throughout Tampa Bay. He can be reached at 813-251-1010 or bbecker@cbh.com.

1099- MISC Issues for 2011

Marcia L. Miller, MBA, EAPresidentFinancial Horizons, Inc.

Marcia has provided extensive tax and business advisory services primarily to corporate clientele for over 30 years as President of Financial Horizons, Inc. Besides being a good negotiator, and, as a licensed Florida Mortgage Loan Officer (MLO) f/k/a Mortgage Broker (MB), Marcia is able to structure and provide creative financing for both her corporate entities and individual taxpayers.

As Author & Live Speaker for Lorman Educational Services, Avant Resources, CPE Link and various other National Companies, with presentations focusing on the areas of Tax Planning, Management & Health Care Reform, she has been able to offer insight as to their effect on today’s taxpayers. Her lecture skills led her to be one of the favorite business professors at Nova Southeastern University in Fort Lauderdale, Florida. She has been a nationwide presenter of tax legislation seminars for Thomson Tax & Accounting and the National Society of Accountants lecturing on a multitude of tax, technical & non-technical topics all relating to current business taxation and accounting issues.

Marcia graduated from the University of Miami with a Masters in Business Administration. Originally, a pre-law major, after discovering the world of accounting and owning her own tax practice, she often considers herself to be part of the legal community as she’s constantly researching tax and business laws and applying this expertise to each unique tax dilemma. She can be reached at 954-389-9510 or proactivetax@aol.com.


Click Here to Read Additional Material

1099- MISC Issues for 2011

Course Level:
   Intermediate

Advance Preparation:
   Print and review course materials

Method Of Presentation:
   On-demand Webcast

Prerequisite:
   NONE

Course Code:
   114114

Total Credits:
    2.0 CLE

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About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

Meyers, Roman, Friedberg & Lewis, an eastside Cleveland law firm founded in 1995, provides a full spectrum of legal services to individuals and businesses including Corporate, Construction, Green law, Litigation, Estate Planning, Family Law, Labor/Employment, Real Estate, Tax and Mediation. The attorneys at Meyers Roman are dedicated to achieving results through sound, practical solutions tailored to their clients’ unique objectives.

Website: https://www.knowledgecongress.org/event_2011_1099-MISC.html#

Financial Horizons, Inc. is an established, thirty year old, tax and consulting firm offering services to improving both one’s business and personal bottom line.

As accountatnts, Financial Horizons, Inc. has the role of being the taxpayer’s guide to organizing tax savings. For business owners, Financial Horizons, Inc. acts as the extension to the management staff providing effective accounting and financial analysis, For the investor clientele, Financial Horizons, Inc. serves as a sounding board & suggests the best structure to maximize after-tax returns on their investments.

Financial Horizons, Inc. strives to be a part of any taxpayer’s financial team while providing the assurance that this firm will give you more than just a tax return.

Website: https://www.knowledgecongress.org/event_2011_1099-MISC.html#

Raelane works as a Federal, State, and Local Government Specialist for Indiana. In this position, she works directly with government customers to assist them with employment tax issues including reporting and compliance. She also assists customers by speaking at educational forums.

Raelane has been with the Service since 1987 and has had experience in audits of individuals, corporations, and partnerships for both income and employment taxes. She has taught Small Business workshops for external customers as well as presentations and webinars on employment taxes for customers and internal staff.

Raelane is a graduate of Indiana State University with a BS in Accounting and is a Certified Public Accountant. She works out of the Terre Haute, Indiana office.

Mario Fazio, Esq., Chair of the Taxation practice area at Meyers, Roman, Friedberg & Lewis, is a Certified Specialist in Federal Taxation law by the Ohio State Bar Association with an extensive background in corporate, partnership and real estate taxation. Mr. Fazio represents a wide variety of corporate clients, including start‐up and existing businesses, entity formations, sales and purchases of businesses, mergers, business succession planning, and financing matters. He is a former IRS Chief Counsel Attorney and has been named an Ohio Super Lawyer for 2008, 2009, 2010, and 2011.

WILLIAM F. BECKER JR., CPA, MBA, is a tax partner in the Tampa office of Cherry, Bekaert & Holland, L.L.P. (www.cbh.com). A graduate of the University of South Florida, his primary practice areas include tax consulting, real estate taxation and pass-through entities. Mr. Becker has served in tax positions in both public accounting and corporate tax departments. He is a frequent continuing education instructor and has authored numerous articles on tax issues for national and regional publications. In addition to being a member of Cherry, Bekaert & Holland’s Real Estate Construction Industry Group, Mr. Becker is a member of the American Institute of Certified Public Accountants, the Florida Institute of Certified Public Accountants, Urban Land Institute, Tampa Bay Estate Planning Council and has been involved in various community activities throughout Tampa Bay. He can be reached at 813-251-1010 or bbecker@cbh.com.

Marcia has provided extensive tax and business advisory services primarily to corporate clientele for over 30 years as President of Financial Horizons, Inc. Besides being a good negotiator, and, as a licensed Florida Mortgage Loan Officer (MLO) f/k/a Mortgage Broker (MB), Marcia is able to structure and provide creative financing for both her corporate entities and individual taxpayers.

As Author & Live Speaker for Lorman Educational Services, Avant Resources, CPE Link and various other National Companies, with presentations focusing on the areas of Tax Planning, Management & Health Care Reform, she has been able to offer insight as to their effect on today’s taxpayers. Her lecture skills led her to be one of the favorite business professors at Nova Southeastern University in Fort Lauderdale, Florida. She has been a nationwide presenter of tax legislation seminars for Thomson Tax & Accounting and the National Society of Accountants lecturing on a multitude of tax, technical & non-technical topics all relating to current business taxation and accounting issues.

Marcia graduated from the University of Miami with a Masters in Business Administration. Originally, a pre-law major, after discovering the world of accounting and owning her own tax practice, she often considers herself to be part of the legal community as she’s constantly researching tax and business laws and applying this expertise to each unique tax dilemma. She can be reached at 954-389-9510 or proactivetax@aol.com.

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