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22WC-1111: Reporting Bond Premiums on Taxable and Tax-Exempt Securities (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Thursday, January 26, 2023
Time 12:00pm - 2:00pm
Central Time
Location Online
CPE credits CPE 2.0
Field(s)
of study
Taxes - Technical (2.0)
Instructor Mary Kay Foss, CPA
Fees
Standard Member Fee $79.00
Standard Nonmember Fee $109.00

Description

Forms 1099 are being released later each year, and they're more confusing than ever; especially those related to fixed income securities. In this course, we'll go over the contents of page one of 1099, explain how it differs from the backup material; and how to report it all correctly.

Who should take this program?

Staff at all levels focused on compliance and 1099 reporting. Financial planners recommending fixed income securities.

Major subjects

  • History of current 1099 reporting of fixed income securities
  • Elections versus required reporting
  • Examples using actual 1099 forms

Learning objective(s)

  • Recognize Covered vs. Non-Covered Securities
  • Identify the differences between Bond Premium, Acquisition Premium and Accrued Market Discount
  • Determine how 1099 information for bonds is reported on Forms 1040 and 1041

Notes:

Course code Code 22WC-1111
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Level Basic
Format Group Internet Based
Prerequisites Prereq. None
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.

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