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Form 1099-K Reporting: Requirements, Confusions, Guidance, Compliance, or Lack Thereof | Virtual , Streaming

Your Course Price: $90.00
CPE Credits
Monday, July 1, 2024
Course Time
12:30pm - 02:30pm PT
01:30pm - 03:30pm MT
02:30pm - 04:30pm CT
03:30pm - 05:30pm ET
Advanced Preparation
Course Level
Knowledge of Federal Income Tax Law
Tanya Baber CTRS, NTPI Fellow, EA
Course Description

IRS Federal Tax Law Topics 2 CPE

CTEC Tax Law Topics 2 CPE


This course introduces Tax Professionals to the creation of Form 1099-K and the evolutionary changes that have taken place as a result of the American Rescue Plan Act of 2021. The session discusses the purpose of the original legislation and how taxpayers and third-party settlement companies have had to attempt to be in compliance with a very narrow road for navigation. The course will discuss the delay in implementation in 2022 and 2023 and the complication and challenges experienced in preparing and filing 2023 tax returns and beyond. The course will also address the new transition rules for the 2024 tax year. The session will review the Form 1099-K, the instructions and the implementation of §6050W of the Internal Revenue Code. The course will walk through the steps needed to properly determine where and how Tax Professionals will report each separate transaction reported on Form 1099-K.

Learning Objectives

At the conclusion of the session, participants will have achieved a better working knowledge on how and where to report each transaction reported on a Form 1099-K received by any of their clients. The course help provide a guide as to where an item on a Form 1099-K should be reported as:

  • Other income on Schedule 1 of the Form 1040,
  • Schedule C Business Income
  • Schedule D Capital Gain Transaction
  • Schedule E Rental Income
  • Schedule F Farm Income
  • Some other reporting characterization, or as a non-applicable transaction.

At the close of the course, the participants will be better equipped to advise clients as to the character of the transactions and any impact on their federal income tax liability.


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Your registration confirmation will be emailed to you when your payment is processed. During our busy season, this can take up to 2-3 business days after we receive your registration.

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Your certificate will be emailed to you within 10 business days of the completion of the course.

Administration: Streaming
Streaming Refunds
  • Once your registration confirmation is emailed, due to the proprietary materials and content of Streaming orders are NOT ELIGIBLE for refund, cancellation, or transfer to another NSTP course.
Streaming Disclaimer
  • Streaming materials and Streaming presentations are intended to stimulate thought and discussion and to provide attendees useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any tax procedure, tax planning technique, device or suggestion, or any of the tax consequences associated with them.
  • Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual’s reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials, and during the seminar presentation, before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any device, technique, or suggestion before recommending the same to a client or implementing the same on behalf of a client, or on the attendee’s own behalf.
  • Streaming materials & presentations are fully protected under copyright law. Any attempt to copy for resale, distribution, or use other than personal use for tax preparation will be fully prosecuted of the law.
Testing Policy
  • Streaming require a test for CPE. 3 attempts are allowed.
  • You have 1 (one) year from date of purchase to complete the Streaming course by taking the test.
More Information For more information regarding refund, cancellation, and complaint policies, please contact our offices at 1(800) 367-8130.