2022 Update on Form 1099 and 1042-S Reporting of Payments for Software and Digital Content

September 29, 2022 | 2.00PM EST | USA

2022_Update_on
Payments for software, digital content and cloud transactions are among the most challenging types of payments to correctly analyze for IRS Form 1099 or 1042-S reporting compliance.  Should a payment be characterized as a royalty, a rental, a goods purchase or a service?  How are these types of income to be “sourced” either within or outside of the United States?  This presentation will bring you up to date with the most recent official IRS guidance and instructions.

  • How the tax regulations interact with definitions from copyright law
  • Tax regulations which classify transactions involving computer programs
  • How proposed regulations, REG-130700-14, answer some important questions – but not all
  • How these various tax treatments are reported to the IRS on Form 1099-MISC, Form 1099-NEC and Form 1042-S
Register Now

Spotlight

Nik Storonsky, Revolut's chief executive officer and co-founder, discusses the company's growth strategy and the future of digital banking with Bloomberg's Emily Chang on "Bloomberg Technology."

OTHER LIVE WEBINARS

TROUBLED DEBT RESTRUCTURING: WHAT QUALIFIES & ACCOUNTING FOR TDRS AS CREDIT IMPROVES

September 14, 2022 | 03:00 PM EDT

A debt restructuring in which a creditor, for economic or legal reasons related to a debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider.
Register Now

Banking Transformation Summit Europe 2022

October 20, 2022 | 12:30 PM GMT

No matter where you are on your transformation journey, Banking Transformation Summit provides inspiration and confidence to your next steps. Now in its 4th year, deep-dive into the Banking Transformation, Fintech & Challengers and Banking Innovation themes and answer the most pressing industry questions with keynote talks, fireside chats and themed panel sessions.
Register Now

FRAUD CHANNELS: CHECK & DEBIT CARD

September 12, 2022 | 3:00 PM EDT

A debit card fraud occurs when an unauthorized person gains access to your card or its details. Fraudulent means are utilized to gain such access. Once the person has access to your card details, several fraudulent transactions can be carried out. Simply put, you are at risk of losing your hard-earned money.
Register Now

Scholarships, Stipends, Fellowships, Honoraria: Essential 1099 and 1042-S Reporting and Tax Withholding Compliance

October 20, 2022 | 2.00PM EST

Does your institution make payments through Accounts Payable to students, instructors, researchers and academic visitors? Internal procedures might identify a payment as a stipend or honorarium, fellowship, grant or scholarship – but what these have in common in tax compliance is a set of specific regulatory requirements which will determine whether payments are subject to tax withholding and the filing of a Form 1099 or 1042-S to the IRS. This presentation will address the primary rules for these payments; when they must be treated as wages; when non-wage tax withholding is required; whether they’re subject to reporting on Form 1099 or Form 1042-S; and when no reporting at all is required.
Register Now