
Reporting Investment Income from Bonds
- Registration Closed
Reporting Investment Income from Bonds
Course Description:
The consolidated 1099 statement our clients receive from their brokers ranges from the simple to the painfully complex. The best way to deal with a consolidated 1099 is to break it down into pieces! This webinar covers the 1099-INT and the 1099-OID.
Reporting bond income is more complex than many tax preparers realize. There are many different varieties of bonds and many of them require special tax treatment.
If the bond was purchased at a discount or at a premium, accretion and amortization may need to be reported. Original issue discount bonds and zero-coupon bonds have their own set of complications. We’ll also cover reporting income from mutual funds that include municipal bonds.
Objectives
- Describe the components of a consolidated 1099 statement and explain why it varies in complexity.
- List the key elements of a 1099-INT and a 1099-OID form, highlighting their significance in tax reporting.
- Explain the complexities involved in reporting income from various types of bonds and recognize the need for specialized tax treatment.
NASBA CE: 2.0 Hours Federal Tax Law
IRS: 2.0 Hours Federal Tax Law
CTEC CE: 2.0 Hours Federal Tax Law
ACAT CE: 2.0 Hours Federal Tax Law
NSA Webinar Program Level: Basic
Prerequisites: None
Advance Preparation: None
Delivery Method: Group-Internet Based
No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.
NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.


Amy M. Wall, EA, MBA
Amy M. Wall, EA, MBA, is recently retired from her private tax practice in Tucson, Arizona, where she worked with individuals, small businesses and S Corporations. Amy now spends her time teaching and writing on taxation. She teaches for several continuing education providers and has been published in a number of tax journals, including NATP’s Tax Pro Journal and Wolters Kluwer Journal of Tax Practice & Procedure. She is the author of Virtual Tax: the taxation of Cryptocurrency; Income Taxes for Real Estate Agents; Divorce and Taxes, and The Parish, a work of fiction about a tax preparer whose nighttime clients aren’t quite what they seem.