Another year approaches, and, new requirements have been added to report certain payments as detailed in the 2024 General Instructions for Certain Information Returns published by the Internal Revenue Service. And here we are again, continuing to educate ourselves, with the ever-changing 1099 forms and regulations.

Join this new webinar to learn the latest on what needs to be reported, where, by whom, and how to avoid penalties in the process.

Business owners making payments to vendors and individuals first need to distinguish which are reportable transactions and then what form to use. As the “Tax Gap” continues to grow, costing honest taxpayers to pay in more tax dollars, the IRS is using revenues from 1099 Reporting Errors and penalties to aid in its decrease.

Learning Objectives:

• Compare the differences and requirements of 1099-Misc and 1099-NEC (nonemployee compensation) including revised reporting requirements for payments to attorneys for settlements and their fees


• Recall the updated regulations and penalties assessed for non-compliance


• Evaluate other 1099 reporting updates, including the newly released guidelines