January 10, 2022 1:30pm – 3:30pm Map & Directions 602-252-4144

Webcast: Reporting Bond Premiums on Taxable and Tax-Exempt Securities

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 the 1099, explain how it differs from the backup material; and how to report it all correctly.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

1:00pm

Fees

Member:
$75
Non-CPA Staff:
$101
Non-CPA Staff (100% club):
$75
Non-CPA Staff (sole proprietor):
$75
Non-Member:
$101
Webcast
Taxation
2

Objectives

  • 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

Course Level

Beginning

Vendor

CalCPA Education Foundation More With This Vendor

Designed For

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

Prerequisites

None.

Highlights

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

Notes

Entry-level/Individual contributor; Manager/Senior Manager; Director; Sole Practitioner

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