The team at 1099 Pro is excited to bring you these informational videos with updates, best practices and tools you need to ensure a successful and trouble-free 1099 filing season.
Tax year 2022 Federal Regulatory Updates and IRS Modernization
Topics covered in this video include:
- Federal 1099 tax form updates
- Form focus on the 1042-S changes
- Impact of IRS investment in new security and filing systems
Overview of 1099 Direct State Reporting and Filing Best Practices for 2022
Topics covered in this video include:
- 1099 State reporting overview and challenges
- 1099-NEC direct state reporting service changes for 2022
- Proactive filing season best practices
Tax Year 2022 - 1099 Pro Software Tutorial
Topics covered in this video include:
- Knowledge base wiki website updates and help
- Form changes and mapping
- Software changes for 2022
Note: Since this content was published the IRS release guidance that the reduced $600 threshold for 1099-K reporting will be delayed until tax year 2023. As a result, the federal threshold for the 1099-K reporting for tax year 2022 will remain unchanged at $20,000 and 200 transactions. For additional details on this federal change as well as state 1099-K reporting implications, see our recent blog on this late breaking change
here.