Duration
100 Minutes
Webinar ID
LTS2026363
Industry
Human Resources
Date
Oct 2,2026 - Jan 8,2027
Description
Overview
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.
Speaker
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Chuck Borek
Chuck Borek is a practicing attorney and founder of the Borek Group, LLC. Chuck is also a CPA, and his background includes five years as a partner in a public accounting firm. He received his law degree and MBA summa cum laude from the University of Baltimore in 1993, where he was editor-in-chief of the Law Review. He has been teaching professionally since 1989, including four years as an Associate Professor of Accounting and two years as a Visiting Assistant Professor of Law.? He has lectured throughout the U.S. and has conducted both live and Web-based seminars. Chuck's publications include: Legal Issues for Accountants and Auditors (BNA 2015); Borek's Maryland Business Planning Manual (MICPEL 2008); Hospital Accounting (BNA 2018), Contract Drafting and Review for the Maryland Lawyer (MSBA 2015); as well as numerous law review articles.