IRS Approved AFSP Courses
3 hours
Certificate CTEC IRS NASBA

1099 Dos and Don'ts

Course Objectives

Understanding information reporting using the 1099 series of returns is crucial for the practitioner. Not only are there penalties for failure to file and inaccurate filing, but the IRS also uses these information returns in its document matching program to identify problems on Form 1040 and other tax returns. Unfortunately, winding your way through the maze of over a dozen different 1099 varieties can be a challenging task.

This course is designed to provide needed guidance through the thicket. General rules involving the 1099 series of information returns are discussed, including due dates, penalties, and the proper procedure for correcting errors. In addition, the different Form 1099 types are reviewed, with special emphasis on Forms 1099-MISC and 1099-NEC, the most common of the information returns.

Learning Objectives

Upon completion of this course, you will be able to:

  • 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-MISC or NEC reporting
  • Identify the specific information that must be included on Forms 1099-MISC and NEC and other 1099s
  • Identify the due date and penalty requirements associated with 1099 filing

Duration: 150 minutes
Who Should Attend: All tax practitioners advising individual and business clients
Course Level: Intermediate
Prerequisite: None
Advance Preparation: None
Delivery Method: Self Study - Internet Based
NASBA: 116347
IRS CE: UBWMF-T-00325-25-S
CTEC: 6209-CE-00237
Expiration: In accordance with NASBA standards, access to this course will terminate one year from the date of purchase. Incomplete courses will no longer be accessible beyond the one year deadline.

Last Modified: 10/9/2025