Surgent's A Complete Guide to Form 1099-K (GFK2)
2025-08-21 19:00 - 21:00 UTC | Webinar
Surgent's A Complete Guide to Form 1099-K (GFK2)

08/21/25 02:00 PM CST
- 08/21/25 04:00 PM CSTDescription:
The Internal Revenue Code (IRC) requires entities making certain types of payments, including business payments to contractors, to file information returns with the IRS. Information returns are intended to improve voluntary compliance with tax law by providing information about potentially taxable transactions to the IRS and taxpayers. A payment settlement entity (PSE) must file Form 1099-K for payments made in settlement of reportable payment transactions for each calendar year. Objectives:Understand the tax return treatment of the Form 1099-K, a form that millions of taxpayers will receive and/or send in 2025Presenters:Mike Tucker, Ph.D., LL.M., J.D., CPAKaren Davis, EA, MBA, Ph.D.Field of Study:Taxes (2)Major Topics:What Form 1099-K is designed to doFiling thresholds for the Form 1099-KWho sends and who receives Form 1099-KForm 1099-K reporting thresholdsPersonal payments from family and friendsPersonal items sold at a gain or a lossReporting provisions for gig workers, partnerships, and corporationsMistaken receipt of a Form 1099-KWhat to do when the Form 1099-K has a mistakeSituations when the gross amount on a Form 1099-K must be sharedHow to handle the receipt of multiple Forms 1099-KLocation:
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