Form 1099-NEC

Live Webinar or Recording

June 19, 2025, 12:00 pm - 1:40 pm Eastern

Credit: ATATX: 1.5, CPE: 2, IRS: 2 (Live Only)

IRS reporting obligations often raise more questions than answers, particularly when it comes to determining when Form 1099-NEC is required instead of 1099-MISC or W-2. This comprehensive webinar is designed to clarify these requirements and help both payors and recipients navigate the complexities of 1099-NEC reporting with confidence. Whether you're responsible for issuing payments or ensuring your business stays compliant, this session will break down the core components of IRS reporting in a way that’s clear and actionable.

In addition to foundational reporting guidance, this course tackles the real-world issues that frequently trip up filers. You’ll explore how to distinguish between employees and independent contractors, properly use Form W-9 to collect tax identification numbers, and meet your obligations for issuing 1099s in special situations. The webinar also covers key differences between Form 1099-NEC and 1099-MISC, reporting exceptions, and best practices for furnishing recipient statements. Avoid costly penalties and confusion by equipping yourself with the knowledge to handle 1099-NEC reporting accurately and efficiently.

Topics Covered in This Session:

• The difference between Form 1099-NEC and 1099-MISC
• Common misunderstandings about 1099 reporting generally
• Obtaining tax ID numbers using Form W-9
• When 1099-NEC reporting is required
• The difference between employees and independent contractors
• Exceptions to the reporting requirements
• Reporting payments made to attorneys
• Reporting deceased employees’ wages
• Procedures for furnishing statements to recipients of compensation

Your Benefits For Attending:

• Understand the difference between Form 1099-NEC and 1099-MISC and how to use each appropriately.
• Identify when 1099-NEC reporting is required and which payments are exempt.
• Learn how to obtain accurate tax ID numbers with Form W-9 and how to furnish recipient statements correctly.
• Differentiate properly between employees and independent contractors to ensure correct classification.
• Navigate complex scenarios, such as reporting payments to attorneys and deceased employees.

This session offers you a comprehensive understanding of IRS 1099-NEC reporting that will help you prevent errors, stay compliant, and reduce the risk of costly penalties.

Guest Speaker: Chuck Borek - The Borek Group, LLC

Level: Basic

Format: Live Webcast

Field of Study: Taxes

Program Prerequisites: None

Advanced Preparation: None

Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in accounting.

Aurora Training Advantage is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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