1099 101: Just the Basics | Product

All businesses are required to report certain types of income paid to individuals using 1099 series forms. Reporting 1099s can be complex, especially when you must report more than one type of 1099 form.

Navigating the reporting process can be intricate, with various aspects that may cause confusion, such as determining which 1099 forms to report, understanding varying due dates, and accounting for direct-state filings, among other considerations. This session will break down the basics of tax information reporting, including topics such as:

• 1099 reporting terminology
• Common form types, including thresholds and deadlines
• Common corrections
• Federal vs. state reporting
• Best practices for compliant reporting