1099 MISC and NEC Filing: Need to Know Updates for 2025

Staying compliant with Form 1099-MISC and 1099-NEC regulations is crucial for businesses to avoid IRS penalties. With new updates in 2025, including changes from the American Rescue Plan and Form 1099-K reporting rules, understanding these tax forms has never been more important.

In this webinar, 1099 expert Jason Dinesen (EA, LPA) will walk through common issues related to documenting, validating, and reporting payee information on IRS Forms 1099-MISC and 1099-NEC.  He will also explain best practices for addressing many of the common issues that come up on the new 1099 forms.

Form 1099 reporting is more complex than ever, and with the latest IRS changes for 2025, businesses must stay ahead to avoid costly penalties.

The increased reporting burden—especially with 1099-K adjustments and the rise of digital payment platforms like Venmo and PayPal—has left many professionals uncertain about when and how to file correctly.

This power-packed 90-minute session will help you:

• Clarify IRS expectations for 1099-MISC, 1099-NEC, and 1099-K
• Ensure compliance with updated Form W-9 requirements
• Avoid common filing mistakes that trigger IRS penalties
• Learn how to report contractor payments via digital platforms
• Understand who qualifies as an independent contractor
• Implement best practices for accurate and timely filing

If you handle tax filings, payroll, or vendor payments, this webinar is a must-attend to ensure your business remains compliant and audit-ready in 2025.

• Identify how to address Form 1099-NEC and MISC’s trickiest boxes.
• Determine which boxes to report non-qualified deferred compensation.
• Recognize W-9 document validation best practices with a focus on situations when multiple names are provided, handling undocumented payees, exempt organization payees, and IRS TIN Match Program best practices.
• Identify categories of payees and payments that are both reportable and not reportable, plus identify service payments that also require the reporting of a related good.
• Discover recent 1099 reporting changes, including specific changes to forms 1099-NEC and 1099-MISC.
• Recognize how to identify the reportable payee when you pay sole proprietors, LLCs, payees merged or bought by another, S-Corps, agents, or middlemen.

Introduction to 1099 Reporting

• What is a 1099? – Understanding the purpose and importance of 1099 forms
• Who needs a 1099? – Identifying reportable payments and recipients
• Corporations & 1099s – When and why corporations receive 1099s
• Key Payment Categories – Medical and Legal Payment Reporting Requirements

Navigating the 2025 Compliance Updates

• Review of Form 1099-NEC & 1099-MISC – Changes and reporting requirements
• Form 1099-K Updates – Impact on businesses and interaction with 1099-NEC
• Form W-9 Updates – Latest IRS requirements and best practices

Filing & Reporting Best Practices

• How to file 1099s correctly – Avoiding common mistakes
• Handling Contractor Reimbursements – What qualifies and how to report properly
• Who is a contractor? – IRS definitions and classification guidelines

Practical Considerations & Q&A

• Reporting payments through digital platforms (Venmo, PayPal, etc.)
• Strategies to minimize IRS scrutiny and penalties
• Live Q&A with the expert – Get your compliance questions answered

The 1099 forms, particularly the 1099-MISC and 1099-NEC, are crucial documents in the U.S. tax system for reporting various types of income. The 1099 series forms are used in the United States for reporting various types of income other than wages, salaries, and tips, which are reported on a W-2 form. Among these, the 1099-MISC and 1099-NEC forms are widely used by businesses and individuals for reporting payments made to non-employees, independent contractors, freelancers, and other entities.