Reporting Interest and Gain from Tax Exempt Securities Webcast | 4193801A

Date :
May 22, 2019 11:00 AM - 1:00 PM
Location :
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Webcast Event
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CPE Credits :
CPE 2.00, IRS-TX 1.00, CTEC-TX 1.00
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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.


  • 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 Subjects:

  • History of current 1099 reporting of fixed income securities
  • What treatment is required versus what can be elected
  • Examples using actual 1099 forms

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Designed For:

Staff focused on compliance and 1099 reporting and financial planners recommending fixed income securities.


Mary Kay Ann Foss, CPA
Mary Kay Foss CPA is a frequent lecturer for community, professional and business groups. She has authored and presented courses for tax professionals throughout California. She has over thirty years of practical experience in advising clients about retirement, income and estate planning issues. Ms. Foss is the immediate past chair of the AICPA Trust Estate and Gift Tax Technical Resource Panel and past chair of both the Estate Planning Committee and the Committee on Taxation of the California Society of Certified Public Accountants. She is the past president of the Estate Planning Council of Diablo Valley, the East Bay Chapter of the California CPA Society and the Estate Planning Council of the East Bay. She teaches Retirement Distributions: Planning Options and Top 10 Things Financial Planners Need to Know About Estate Planning for the California CPA Education Foundation and has been quoted in California CPA Magazine as well as national publications.
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