EVENT DESCRIPTION
As IRS scrutiny of information reporting continues to increase, organizations must be prepared to navigate the growing complexities of Form 1099 compliance. In this timely and practical session, nationally recognized speaker and tax educator Jason Dinesen, known as "The 1099 Guy," provides a comprehensive look at today's 1099 reporting requirements and the compliance challenges businesses face.
Participants will explore the reporting rules for Forms 1099-NEC, 1099-MISC, and 1099-K, including payments made through third-party payment platforms such as PayPal and Venmo. The course will also cover critical topics such as Form W-9 solicitation procedures, backup withholding requirements, handling missing taxpayer identification numbers (TINs), responding to IRS CP-2100 notices, and avoiding costly penalties. Attendees will gain practical guidance on developing effective compliance procedures while preparing for anticipated changes under the One Big Beautiful Bill (OBBB) and evolving IRS electronic filing systems.
Designed for accountants, tax professionals, accounts payable personnel, and business owners, this session delivers actionable strategies to strengthen compliance, reduce risk, and confidently respond to IRS inquiries.
EVENT OBJECTIVE
Upon completion of this course, participants will be able to:
• Determine when payments are reportable on Forms 1099-NEC, 1099-MISC, and 1099-K and identify the responsible reporting party.
• Apply proper due diligence procedures for obtaining, validating, and maintaining Forms W-9 to support information reporting compliance.
• Identify situations requiring backup withholding under IRC §3406 and calculate, deposit, and report withheld amounts correctly.
• Implement appropriate procedures for responding to IRS CP-2100 notices and B Notices, including distinguishing between first and second notices.
• Recognize common 1099 compliance errors involving missing TINs, filing deadlines, electronic filing requirements, and reporting exceptions.
• Evaluate available reasonable cause defenses and documentation practices to mitigate potential IRS penalties.
