Training Classes

Tax Compliance Training Classes

Live Online 1099 & 1042-S Training Classes for 2025

1-DAY CLASS: FORM 1099 and W-9 TAX COMPLIANCE TRAINING

Primary focus on Forms 1099-NEC and 1099-MISC. Class covers use of IRS Form W-9, federal backup withholding of 24% on certain payments, furnishing Form 1099 statements to payees, IRS electronic filing methods, Form 945 annual return required when tax has been withheld, how to process and respond to IRS Notices CP2100 and 972CG.

Learning objectives:

• Identify payments which must be reported to the IRS

• Identify the reportable payee including when paying sole proprietors, LLCs or agents

• Identify payments which require backup withholding and what to do with the 24% you withheld

Cokala’s 2025 LIVE ONLINE Form 1099 class runs from 11 a.m. to 5 p.m. Eastern time and is offered on:

• Tuesday, October 14

• Tuesday, November 18

Standard class fee $480, or $440 if registrant’s company is a Cokala tax technical advisory support subscriber.

1-DAY CLASS: BASIC FORM 1042-S / FATCA / FORMS W-8 TAX COMPLIANCE TRAINING (LEVEL 1)

Basic tax compliance for the requirements to determine status, withhold U.S. tax and file IRS Form 1042-S for payments to foreign entities and foreign individuals. Addresses issues under Code chapter 3 (withholding at source) and chapter 4 (FATCA, the Foreign Account Tax Compliance Act). Includes review of Forms W-8 for certification of status, rules for presumption of status in the absence of certification, federal deposit and Form 1042 filing for withholding tax liabilities, preparing Forms 1042-S, and pending regulations for cloud-based transactions.

Learning objectives:

• Distinguish between payments to U.S. persons (reportable on Forms 1099) and payments to non-US persons (reportable on Forms 1042-S and 1042)

• Recognize the required elements for validity of W-8 forms and Form 8233 which certify foreign beneficial owners of income

• Identify payments reportable on IRS Form 1042-S

• Determine federal income tax withholding

• Prepare IRS Forms 1042-S and 1042.

Cokala’s 2025 LIVE ONLINE Form 1042-S Level 1 class runs from 11a.m. to 5p.m. Eastern time and is offered on:

• Thursday, October 16

• Thursday, November 20

Standard class fee $480, or $440 if registrant’s company is a Cokala tax technical advisory support subscriber.

1-DAY CLASS: FORM 1042-S REPORTABLE PAYMENTS AND TAX WITHHOLDING (Level 2)

Building on the basic knowledge base of the Level 1 class, Level 2 provides a deeper dive into claims of a reduced withholding rate under tax treaties; sufficiency reviews of the W-8 and 823 forms; presumption rules for status when insufficient documentation is furnished; paying foreign intermediaries, agents and partnerships; and practice with review and validation of examples of the W-8 series forms, Form 8233 and Form W-9, and tax treaty claims.

Learning objectives:

• Review tax treaty benefit claims

• Research income tax treaties

• Process Form 8233 with the IRS

• Review W-8 series forms for sufficiency

Cokala’s 2025 LIVE ONLINE Level 2 Form 1042-S class runs from 11 a.m. to 5 p.m. Eastern time and is offered on:

• Tuesday, October 21

• Tuesday, December 2

Standard class fee $480, or $440 if registrant’s company is a Cokala tax technical advisory support subscriber.

In-Person 1099 & 1042-S Training Classes for 2025

Dallas, TX: November 12, 13 & 14

1-Day 1099 and W-9 Tax Compliance Training for 2025 – Wednesday, November 12

2-Day 1042-S/FATCA/Forms W-8 Tax Compliance Training for 2025 & Form 1042-S Reportable Payments and Tax Withholding for 2025 – Thursday, November 13 and Friday, November 14

Charlotte, NC: December 9, 10 & 11

1-Day 1099 and W-9 Tax Compliance Training for 2025 –Tuesday, December 9

2-Day 1042-S/FATCA/Forms W-8 Tax Compliance Training for 2025 & Form 1042-S Reportable Payments and Tax Withholding for 2025 – Wednesday, December 10 and Thursday, December 11

• 1-day 1099 standard class fee $620, or $570 if registrant’s company is a Cokala tax technical advisory support subscriber.

• 2-day 1042-S standard class fee $1,235, or $1,140 if registrant’s company is a Cokala tax technical advisory support subscriber.

• Combined 1-day 1099 & 2-day 1042-S standard class fee $1,650, or $1,545 if registrant’s company is a Cokala tax technical advisory support subscriber.

Workshops

Workshops are held live online beginning 1 p.m. and ending 4 p.m. Eastern time. Class fee $250, or $225 if registrant’s company is a Cokala tax technical advisory support subscriber.

2025 workshops are offered on:

• Thursday, March 13: Form W-9 and Backup Withholding

• Thursday, April 3: Forms W-8 (including some discussion on tax treaties)

• Thursday, June 12: Legal Settlement and Attorney Payment Reporting