Reporting Interest and Gain from Tax-Exempt Securities
Available Until
Self-study
2.00 Credits
Member Price $69.00
Non-Member Price $89.00
Overview
Not only are Forms 1099 being released later and later each year, they have become more confusing than ever-especially when it comes to fixed income securities. This course will explain what’s on page one of the 1099 compared to the back up material and how to report all of the items correctly.
Highlights
- History of current 1099 reporting of fixed income securities
- What treatment is required versus what can be elected
- Examples using actual 1099 forms
Designed For
Staff focused on compliance and 1099 reporting and financial planners recommending fixed income securities.
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
Notice
This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.
Non-Member Price $89.00
Member Price $69.00