Best Practices for 1099 Compliance Including the New 1099-NEC and Updated 1099-MISC
Earn 2 CPE Credits!
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Overview

In this course, we take a comprehensive walk through the best practices for complying with IRS Forms W-9, 1099-MISC and 1099-NEC reporting requirements for the calendar year 2020. This will include an in-depth look at the brand-new Form 1099-NEC and the updated Form 1099-MISC. Learn how to effectively manage your IRS reporting obligations and reduce your risk of penalties.

  • Learn how the IRS classifies employees vs. independent contractors
  • Learn the importance of correct and complete W-9 forms
  • Illustrate the value of IRS TIN matching and how to implement it in your company
  • Understand 2020 IRS backup withholding requirements, penalties, due dates, and “B” notice rules
  • Identify payments that are reportable on the newly updated Form 1099-MISC
  • Discuss the brand-new Form 1099-NEC
  • None
  • None
  • Basic
  • 103648

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