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1099 Reporting of Payments to Attorneys and Other Third Parties

presented by Lorman Education Services
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1099 Reporting of Payments to Attorneys and Other Third Parties

Workshop Description/Agenda

Make sure you are in compliance when reporting payments made to attorneys and other third parties.Gain insight as to the Internal Revenue Service's reporting requirements for payments made to an attorney in connection with legal services (whether or not the services performed are for the benefit of the payor). The IRS reminds us that all thirdparty payers, such as small businesses or individuals, are required to annually report payments made to subcontractors, attorneys, architects and other service providers. Learn about Internal Revenue Code Section 6050W which requires banks and other payment settlement entities (PSEs) to report gross annual receipts for merchants on Form 1099K. You will be provided with the knowledge to ensure compliance with these laws regarding these payments and advise payors of their responsibilities.


Marcia L. Miller, M.B.A., E.A. with Financial Horizons, Inc.

CPE ,Additional credit may be available upon request.

Who Should Attend

This live webinar is designed for accountants, CFOs, controllers, accounts payable professionals, tax managers, tax preparers, presidents, vice presidents, bookkeepers, enrolled agents and attorneys.

Additional Information

Training Provider: Lorman Education Services

Course Topics: Accounting Training > Taxation

Training Course Summary: 1099 Reporting of Payments to Attorneys and Other Third Parties

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On-Demand Webinar Details

Recorded on 10/25/2018