2025 Form 1099-MISC and 1099-NEC Compliance Updates
EVENT DATE:
PRESENTER(s): Jason Dinesen-EA
This program has been approved NASBA & IRS CPE Credit 2(Taxes)
Are you confident that your business is staying compliant with the latest Form 1099-MISC and 1099-NEC regulations? As IRS penalties continue to increase for incorrect filing, it's essential to understand the nuances of these forms and how to avoid potential errors. Join us for this comprehensive webinar that will cover everything you need to know about 1099-MISC and 1099-NEC compliance.
The consequences of failing to comply can be severe, resulting in hefty penalties and fines that can put your business at risk. Don't let yourself fall behind the curve and become vulnerable to these potential consequences. Join our Virtual Summit and stay informed about the latest regulations and best practices for managing the complexities of Form 1099 reporting. Arm yourself with the knowledge and skills necessary to ensure that your business stays fully compliant and avoids any costly mistakes. The stakes are high, but with our help, you can stay ahead of the game and keep your business protected.
Area Covered in this session:
- Reminders & What’s New
- Information Returns
- A walk-through Form 1099-MISC
- Correcting errors
- SSN, TIN, EIN
- TIN Solicitation & “B” Notices
- TIN verification
- Backup withholding
- Case Studies
- Tax Court Case Review
Learning Objectives:
- What are 1099-MISC and 1099-NEC forms, and who is responsible for filing them?
- Determining the $600 threshold for payments
- Sending 1099s to corporations
- Form 1099-K, Venmo, PayPal and other payment apps complicate matters
- How to report payments made to LLCs and partnerships on Form 1099-MISC and 1099-NEC
- How to determine whether someone is an independent contractor or an employee for purposes of Form 1099 reporting
- Common mistakes to avoid when filing Form 1099-MISC and 1099-NEC
- How to handle corrections and amendments to previously filed forms
- The role of the IRS's TIN Matching Program in ensuring accurate reporting
- Important deadlines for filing 1099-MISC and 1099-NEC forms
Credits and Other information:
- Recommended CPE credit – 2.0
- Recommended field of study – Taxes
- Session Prerequisites and preparation: None
- Session learning level: Basic
- Location: Virtual/Online
- Delivery method: Group Internet Based
- NASBA Sponsor: 146439
- IRS Course ID: PJGWS-
- Attendance Requirement: Yes
- Session Duration: 100 Minutes
- Case Studies and Live Q&A session with speaker
- PowerPoint presentation for reference
Who Should Attend?
- CPA, EA, attorney, and staff
- Accountants
- Tax department
- CFOs and controllers
- Accounts payable and accounting managers
- Public accountants
- Sole Proprietors
Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics, and much more.
He has presented dozens of webinars on Form 1099 (MISC & R); marriage in the tax code; tax updates; the new Form W-4, payroll updates, filing status, tax credits, and other issues relating to the modern-day household setting.
Moreover, Jason is known to be producing every other webinar/course a little differently and updated from the previous one. No wonder, he is a top-ranked presenter whose webinars and self-study course materials are very well received by the audience. He also teaches 2 classes at Simpson College, Individual Income Tax and Business Analytics.
