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Sessions | Instructor | Event Registration |

Event Information

Reporting Bond Premiums on Taxable and Tax-Exempt Securities Webcast | 4203801C
Date: September 3, 2020
Event Start time: 10:30 AM   End time: 12:15 PM
Location: Webcast

Facility: Webcast Rebroadcast

 


Member:       $79
Nonmember: $109

CPE Credits:

2.00 CPE: Continuing Professional Education Technical
2.00 CTEC-TX: CTEC - Federal Tax Law Hours Technical
2.00 IRS-TX: IRS Federal Tax Update Technical
1.50 MCLE LS-TX: Legal Specialization-Taxation Law Technical
1.50 MCLE: MCLE Technical


 

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

 

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

 

Major Subjects:
 

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

 

Level of Difficulty:
Basic

Field of Interest:
Taxes

Prerequisites:
 

None

 

Designed For:
 

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

 

Advanced Prep:
 

None

 

Event Notes:
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