Course Specifics
CPE Credit: 3 Hours
Field of Study: Taxes, Federal Tax
Course Level: Intermediate
Prerequisite: Basic knowledge of individual and business income tax concepts.
Advance Preparation: None
Delivery Method: Self-Study
IRS Program Number: UBWMF-T-00325-25-S
CTEC Course Number: 6209-CE-00237
NASBA Sponsor ID: 116347
150 Minutes
1099 Dos and Don’ts
Course Description
This course provides essential guidance on navigating the complex world of 1099 information returns, with a focus on Forms 1099-NEC and 1099-MISC. Participants will learn key filing rules, due dates, penalties, and correction procedures to avoid costly errors. It also covers how the IRS uses 1099s in its document matching program to identify discrepancies.
Learning Objectives
- Identify the basic rules for preparing and filing Form 1099
- Recognize the exceptions to the requirement to file Form 1099
- Select the appropriate version of Form 1099 to file
- Define the types of transactions that trigger Form 1099 reporting
- Identify the specific information that must be included on each Form 1099 and the statements to recipients
- Understand the due dates and penalties associated with Form 1099 and statements to recipients
Last Modified: 8/1/2025
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