January 26, 2023

Webinar

2 Total CPE Credits

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Webinar (CA): Reporting Bond Premiums on Taxable and Tax-Exempt Securities

  • Instructor

    Mary Kay Foss, CPA

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

Learning 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 Topics

• History of current 1099 reporting of fixed income securities

• Elections versus required reporting

• Examples using actual 1099 forms

CPE Credits Available

2
Total CPE
2
Taxes

Things to Know About This Course

Course Level

  • Basic

Prerequisites

None

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

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

Provider

California CPA Education Foundation

This event has ended.