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  • videocam On-Demand Webinar
  • signal_cellular_alt Intermediate
  • card_travel Tax Preparer
  • schedule 110 minutes

Preparing 1099s: OBBBA Modifications, Avoiding Penalties

Forms 1099-NEC, 1099-DIV, 1099-INT, 1099-K, 1099-MISC

$197.00

This course is $0 with these passes:

CPE
ALL
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About the Course

Introduction

This course will explain the reporting requirements for Forms Series 1099 and guide tax advisers in streamlining compliance with these requirements to avoid penalties, errors in backup withholding, and missed filing obligations. Our panel of federal tax reporting experts will cover the recent threshold changes made under the One Big Beautiful Bill Act (OBBBA) and offer tips and advice to minimize the burden of preparing these forms annually.

Description

There are numerous reporting requirements for 1099s. The reporting thresholds and due dates vary by the type of 1099 issued and were recently revised by OBBBA. OBBBA raised the threshold to $2,000 from the previous $600 for payments made in 2026. For 2025, the deadline for remitting recipient and IRS 1099-NECs is Feb. 2, 2026, while the deadline for submitting 1099-MISCs to the IRS is much later—March 31—if the forms are e-filed. The recipients' copies of Form 1099-MISC are due either January 31st or February 17, depending on the information reported. Keeping up with the numerous requirements of filing these required forms can be daunting. 

Not filing, late filing, or incomplete forms can result in penalties of $60-$340 per Form, up to an annual maximum of $4,098,500 for large filers. If the Forms are intentionally not filed, there is no annual maximum penalty. 

Listen as our panel of information reporting subject matter specialists explains the Internal Revenue Service's Form 1099 reporting requirements for those required to prepare and submit these forms.

Presented By

Paul Malboeuf
Managing Director, Information Reporting & Withholding Practice
KPMG

Mr. Malboeuf is Managing Director, Information Reporting & Withholding Practice at KPMG.

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Michael Mattaliano
Senior Manager
KPMG

Mr. Mattaliano is a Senior Manager who joined KPMG in January 2024. He brings nine years of experience in public accounting, specializing in information reporting and withholding matters (including Forms 1099, 1042-S, W-2G, 871(m), Qualified Intermediary (QI) regimes, and Qualified Derivatives Dealer (QDD) regimes). Mr. Mattaliano also spent two years at E*TRADE Financial Corporation, focusing on the Foreign Account Tax Compliance Act (FATCA) and providing guidance on Internal Revenue Code (IRC) Chapters 3, 4, and 61. His expertise extends to Cost Basis Adjustments, Federal and State Tax Controversy, and QI reporting. Mr. Mattaliano has represented clients before the IRS, federal courts, and state tax authorities in New Jersey and New York, handling all aspects of tax controversy from audit through trial. He has also advised clients on mergers and acquisitions.

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Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Date + Time

  • event

    Friday, January 9, 2026

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

I. Introduction to Forms series 1099

A. OBBBA changes

B. Reporting requirements

  1. Form 1096
  2. Electronic vs. paper
  3. Due dates and extensions

C. Correcting filed 1099s

D. Combined federal and state reporting

II. Types of Forms

A. 1099-INT

B. 1099-DIV

C. 1099-K

D. 1099-NEC

E. 1099-MISC

F. Other 1099s

III. Collection of TINs

A. W-9s

B. Other

  1. Backup withholding
  2. Penalties for incomplete or non-filing
  3. Recent changes and related guidance

The panel will cover these and other critical issues:

  • Filing specific 1099s by type and their filing requirements
  • OBBBA changes to 1099 reporting
  • Avoiding penalties for incomplete and non-filing 1099s
  • Responses to backup withholding notices
  • Handling changes in guidance

Learning Objectives

After completing this webinar, you will be able to:

  • Determine who is subject to reporting on which type of Form 1099 series
  • Identify taxpayers who may be exposed to significant penalties for not filing 1099s
  • Ascertain when a taxpayer is eligible for filing an extension of time for 1099 filings
  • Decide when specific 1099 types are due to recipients and the Internal Revenue Service
  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of individual income taxation, including itemized deductions, individual income tax credits, net operating loss limitations including carrybacks and carryforwards.

BARBRI, Inc. 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 Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .