The IRS mandates that several variations on the Form 1099 be issued early each year, documenting payments made to other parties. In the Form 1099 Compliance course, we discuss the contents of the Forms 1099-MISC, 1099-NEC, 1099-A, 1099-C, and 1099-K, how to deal with incorrect filings, penalties for incorrect filings, and a number of administrative issues to make the filing process more efficient.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Identify the threshold level at which electronic filing is required for 1099 forms.
Specify the reporting requirements for each of the 1099 forms.
Major Topics
The Form 1099-MISC
The Form 1099-NEC
The Form 1099-A
The Form 1099-C
The Form 1099-K
IRS Filing Penalties
Form 1099 Administrative Issues
