Do you need understand 1099 reporting for this tax year?

Learn all you need to know with this annually updated course from IFOL

This self-paced course and on-demand workshop provides comprehensive training to process the 1099-MISC, 1099-NEC and 1042 forms for your reportable vendors. 

What You Will Learn

  • Review of the 1099-MISC and 1099-NEC 
  • What vendors are reportable and on which forms
  • Tips to make sure you are collecting all reportable income
  • IRS filing requirements, deadlines, and penalties


Why take this course?

You’ll learn about all new changes to 1099 forms and keep you compliant with current guidance and regulations.

  • Everything you need to know about 1099-MISC and 1099-NEC forms and reporting
  • Avoid fines and penalties
  • Understand what’s changed on 1099-MISC and 1099-NEC forms
  • Learn how to complete the new forms
  • Stay compliant and follow best practices
  • Created and delivered by qualified reporting experts with over 20 years experience

Exceptional learning resources

Self-paced and on-demand. Complete in 2-3 hours.

  • On-demand Masterclasses

    Exclusive access to a pre-recorded 1099 Masterclass with expert 1099 Trainer Debra Richarson

  • Instructional Video

    Over 3 hours of easy to follow instructional videos and classes.

  • Downloadable Resources

    Two comprehensive resources included available to download.

Course Overview

The #1 source of quality education you can trust

  • 1

    Overview

    • Welcome

    • Dislclaimer

    • Introduction

    • Course Content

    • Before getting started...
  • 2

    IRS Form 1099-MISC

    • 1099-MISC Overview

    • 1099-MISC - Payer-Recipient and Payment Information

    • What is a Tax Identification Number

    • What is an Account Number? 1099-MISC
  • 3

    IRS Form 1099-NEC

    • 1099-NEC Form Overview

    • 1099-NEC - Payer-Recipient and Payment Information

    • What is a Tax Identification Number

    • What is an Account Number? 1099-NEC

    • 1099-NEC Form - Payer-Recipient Information
  • 4

    Reportable Payments

    • Reportable Payments Introduction

    • Reportable Payments Based on Tax Classfication and Payment Type

    • Reportable Payments Review Box by Box - 1099-MISC

    • Reportable Payments Review Box by Box - 1099-NEC
  • 5

    Backup Withholding

    • Backup Withholding for 1099-MISC and 1099-NEC
  • 6

    Federal Reporting Requirements

    • Federal Reporting Requirements Introduction

    • Federal Due Dates, Extensions and Penalties

    • Federal Electronic Filing

    • Federal Links to Forms and Publications
  • 7

    State Reporting Requirements

    • State Reporting Requirements
  • 8

    System and Process Changes

    • System and Process Changes
  • 9

    Information Returns Intake System (IRIS) Demo

    • IRIS Demo - Tax Year 2024
  • 10

    Summary

    • Summary

    • 1099 Compliance Update Course Tax Year 2024 - PDF

    • 1099 Updates for Tax Reporting Year 2024 (Recorded November 14th 2024)

Your Expert Tutor

Part of the IFOL Education Team

Senior Instructor

Debra Richardson

Debra is an accounts payable speaker, trainer, and consultant. An accredited Accounts Payable Manager, accredited Procure-to-Pay Manager, and Payment Reporting Specialist, she has over 20 years experience in accounts payable, accounts receivable, general ledger, and financial reporting for Fortune 500 companies including Verizon, General Motors and Aramark. She has worked in the telecommunications, Automotive, Healthcare, and Oil & Gas industries.

Get started now

Access your on-demand course and instructional videos for 12 months