Form 1099- Reporting Requirements (Including Changes from the Big Beautiful Bill)

Form 1099- Reporting Requirements (Including Changes from the Big Beautiful Bill) : 



The Big Beautiful Bill is coming—and with it, a major shift: the long-standing $600 threshold for Form 1099 reporting is on the chopping block. Are you ready for what’s next?

In this timely, relevant, and actionable session, Jason Dinesen—known nationwide as “The 1099 Guy”—guides attendees through the practical realities of Form 1099 compliance. This session goes beyond the basics and dives deep into due diligence, backup withholding, and how to handle missing SSNs, all while preparing for increased IRS scrutiny and a dramatically changing landscape under the OBBB.

Whether you’re an AP professional, accountant, or small business owner, you’ll leave this course with clear guidance on how to protect your organization from penalties, defend against IRS pushback, and build bulletproof compliance procedures—no jargon, no fluff, just real-world insight you can apply immediately.

What You'll Gain From This Essential Webinar :-

• Evaluate when a payment is reportable on Form 1099 and who is responsible for issuing the form.
• Apply the correct due diligence procedures for soliciting and maintaining Form W-9s, including best practices even when reporting isn’t initially required.
• Determine when backup withholding is mandatory under IRC § 3406 and how to calculate, deposit, and report the withheld amounts.
• Implement step-by-step procedures for handling CP-2100 letters and B Notices, including differentiating between first and second notices.
• Avoid common compliance pitfalls such as missing TINs, late filings, and improper e-filing—and understand how to make a successful reasonable cause defense if penalties are assessed.
• Prepare for future compliance under the Big Beautiful Bill, including the anticipated end of the $600 reporting threshold and updates to electronic filing systems like IRIS and FIRE.

The attendees will understand :-

• When to file: the $600 threshold
• When to file: corporations
• When to file: credit card and payment apps such as Venmo
• Filing matters including the e-file mandate and how to file
• Form W-9
• Backup withholding

Who Will Benefit:

• Certified Public Accountants (CPA)
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners
• Accountants
• Payroll Managers

Credits and Other information:-

      - Session Duration: 2 Hours

      - Case Studies and Live Q&A session with speaker

      - Power Point presentation for reference

      - Session learning level: Basic

      - Delivery method: Group Internet Based

      - IRS Credits: 2 Tax Hours

      - IRS CE Provider: #PUPOT

       - Recommended field of study – Taxes

       - Session Prerequisites and preparation: None

       - Location: Virtual/Online

       - Attendance Requirement:  Yes