Reporting Bond Premiums on Taxable and Tax-Exempt Securities WEBCAST

Thursday, November 12 12:30pm - 2:20pm PST

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2 Credits

Member Price $75.00

Non-Member Price $100.00

Overview

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.

Highlights

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

Prerequisites

None

Designed For

Staff at all levels focused on compliance and 1099 reporting. 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.

Preparation

None.

Notice

None

Leader(s):

Leaders

Mary Kay Foss

Mary Kay Foss, CPA, a director with Sweeney Kovar LLP, has more than 30 years of practical experience in advising clients about retirement, income and estate planning issues. She is a frequent lecturer for community, professional and business groups and has authored and presented courses for tax professionals throughout California.

Foss is past chair of both the CalCPA Estate Planning Committee and the Committee on Taxation. She is a past president of the Estate Planning Council of Diablo Valley, the East Bay Chapter of CalCPA and the Estate Planning Council of the East Bay. She is a member of the AICPA Trust, Estate and Gift Tax Technical Resource Panel and has been quoted in California CPA magazine, as well as national publications.

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Non-Member Price $100.00

Member Price $75.00