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This webinar will cover the latest updates for Form 1099, focusing on Form 1099-MISC and filing and furnishing 2018 Forms. The session will cover specific reporting requirements for various types of payments and payees, filing requirements, withholding requirements and reporting guidelines. It will also cover important filing due dates. the safe harbour requirements for de minimis dollar amount errors, and the due diligence steps that establish the reasonable cause exception to proposed penalties.


The regulatory landscape for Form 1099 compliance keeps shifting as Congress attempts to balance jobs growth with narrowing the tax gap and the IRS attempts to address fraud and identity theft issues involving information returns including 1099 Forms. Over the past decade a number of changes were written into the law and regulations. While some changes have been implemented and others have been repealed, all of them created compliance challenges for businesses. 
To prevent fraud involving information returns and false refund claims, the filing deadlines for certain 1099 Forms has been moved up. The IRS recognized the potential for an increase in the number of errors on filed 1099 Forms and has revised the de minimis error rules. In addition, penalties for non-compliance have been increased and are now indexed for inflation. 
Form 1099-MISC will be covered in detail. It presents a special set of reporting problems since it is used to report a number of types of payments with different requirements for each type of payment. 
For all information returns, the issuer must obtain correct tax identification information from recipients and, if required for a particular payee, withhold income tax from payments to that payee. These two processes involve soliciting and obtaining Forms W-9 and W-8 from payees, not only to obtain the information, but to establish due diligence and a reasonable cause penalty exception when things go wrong.


  • Reminders & What's New
    • Changes to filing deadlines and affected returns
    • De minimis exception for money errors
    • Increases in penalties for non-compliance
  • Information Returns
    • Overview of information returns
    • Resources for compliance
  • A walk through Form 1099-MISC
    • Identification of reportable payments and payees
  • Correcting Errors
    • Common 1099 errors - how to prevent them and how to correct them
  • SSN, TIN, EIN
    • Taxpayer identification number basics: Which number to use
    • Documentation that established reportable and non-reportable payees


  • TIN Solicitation & "B" Notices
    • Due diligence procedures avoid or mitigate penalties for missing or incorrect payee tax ID numbers
    • "B" notice procedures: When to issue and how to follow-up
  • TIN Verification
    • Using the IRS TIN verification system
  • Backup Withholding
    • What it is
    • When to start and when to stop
    • How to deposit and report
  • Penalties and problems
    • Procedures and policies that establish "reasonable cause" and avoid penalties


  • CFOs and controllers
  • Accounts payable and accounting managers
  • Accounts payable processing professionals
  • Employers and Business owners
  • Purchasing managers and professionals
  • Public accountants, CPAs and Enrolled Agents


Patrick Haggerty is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice. He began teaching accounting at the college level in 1988. He is licensed as an Enrolled Agent by the U. S. Treasury to represent taxpayers at all administrative levels of the IRS and is a Certified Management Accountant. He has written numerous articles and a monthly question and answer column for payroll publications. In addition, he regularly develops and presents webinars and presentations on a variety of topics including Payroll tax issues, FLSA compliance, information returns, and accounting.

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