What you'll learn?
The following 1099s will be discussed in detail as to types of payments reported, which business have to issue them, who general receives them and other details:
- 1099-A - Acquisition or Abandonment of Secured Property
- 1099-B - Proceeds from Broker and Barter Transactions
- 1099-C – Cancellation of Debt
- 1099-K - Payment Card & Third-Party Network Transactions
- 1099-MISC – Miscellaneous Information
- 1099-NEC – Non-Employee Compensation
- 1099-R - Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, etc
- 1099-DIV, 1099-OID and 1099-INT – Investment related 1099s
All other 1099s will be introduced as to their purpose and payments recorded.
After attending this webinar, you will be able to:
- Review your 1099 reporting procedures from compliance
- Explain what payments go on which 1099s
- Prepare for the upcoming 2025 and 2026 requirements for the 1099- and 1099-DA
- Analyze your company’s major risks in the 1099 process
- Discuss with your AP department the proper recording of payments on 1099s
Overview of the webinar
1099s report payments made to non-employee service providers, as well as payments to suppliers and other entities you do business with. Think of your own organization: Can you name all the types of service providers you use? Do you know which payments are reportable on 1099s, and the minimum amounts you must pay before they are reportable?
In 2025, the OBBB created new limits for the 1099 NEC and 1099-MISC starting in 2026. It also reversed Third Party PSE’s requirements for the 1099-K. Further, the IRS created the 1099-DA for brokers to report crypto-currency and other digital transactions. Other recent changes have been made to filing requirements, TIN Matching and other procedures. In the webinar we will go over these latest additions and changes from the IRS. We will discuss several of the most common 1099s in detail, as well as provide general descriptions of all other 1099s.
There are other issues you need to consider to complete your knowledge of 1099s. Which attorney’s fees go on which 1099s? When do deceased employee’s wages go on 1099s vs W2s? When do Federal and State income tax need to be withheld from 1099 payments?
Join Mark in this highly informative and up-to-date webinar find out all of these requirements and more.
Why should you attend?
- HR Managers
- Payroll Managers
- A/P Managers
- A/P Staff
- Finance Executives
- Tax Professionals
- Accounts Payable and Finance Department Staff
- Third Party Payment Settlement and Processing Agencies
About the speaker
Years of Experience: 48+ years
Bruce Lee has been educating and inspiring audiences with practical and proven information they can immediately implement into the personal and professional lives and for improved business growth or efficiency. A varied business and leadership backg