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Making Corrections on IRS Form 1099: Keys to Avoid Unwanted IRS Penalties


Webinar Recording

Recording Price: $199.00

(Includes Proprietary Materials)

Penalties for incorrect Form 1099 reporting errors are on the rise. Mistakes made during your 1099 reporting can cost your company money and waste time for your A/P department. How should you make corrections and changes to your 1099s to avoid problems with the IRS? And what are the best strategies to ensure accuracy before submission and making corrections if there are errors? Join us for this live, 75-minute webinar to hear former IRS manager, Steven Mercatante, discusses:

  • Form 1099 Changes vs. Corrections: What you need to know about each
  • Most common Form 1099 mistakes: How to avoid potential pitfalls
  • Soliciting SSNs & TINs: Latest strategies to remain IRS compliant
  • Compliance checklist: What's required to file for your business
  • Effective 1099 correcting: What to do when your numbers are off

Program Highlights

  • Manage the "Corrected Form 1099" Nightmare: Avoid IRS Penalties & Interest

    • Correcting and changing Form 1099: How to spot and correct errors
    • Key issues for backup withholding and Form 1099-MISC
    • Review of specific examples of errors and corrections
  • Avoid the Year-End Panic and Messy Corrections that Mistakes Can Produce

    • How to ensure compliance with the latest IRS & federal regulations
    • Special issues of nonemployee compensation, rents, other income, and more!
    • What to do if a payee refuses or neglects to provide a TIN
  • Essential Keys to Help Your Company Avoid Unwanted IRS Penalties

    • Top strategies for receiving information from vendors on time
    • Paper vs Electronic filings: Guidelines for correcting each
    • Latest updates to Form 1099 - Stay compliant in your year-end reporting
  • Question & Answer Session - Have your specific 1099 correction questions answered!

About The Speaker

Steven Mercatante is the principal and founder of TIR Consulting, LLC. He is a nationally recognized leader in tax reporting education and consulting on specialized compliance issues. He has conducted on-site consultation for corporate clients from across the world and led countless seminars and webinars for Convey Compliance Systems, IAPP, Balance Consulting, The Accounts Payable Network, and Accounts Payable Now and Tomorrow.

  • Mr. Mercatante is a published author, with numerous articles published on tax and financial law, and he has authored and published a series of tax guides on topics such as: W-9/1099 & W-8/1042-S compliance and reporting, payment cards, U.S. State & Local Reporting, worker compensation issues, international tax compliance, and more.
  • Prior to specializing in regulatory law Steven's legal experience concentrated on corporate and transactional matters, civil litigation, and probate and estate matters.

Program Benefits

It's crucial for your organization to do everything it can to avoid IRS penalties that result from filing an incorrect Form 1099. In this jam-packed, 75-minute webinar you'll discover everything you need to know about how to prevent, identify and correct errors, as well as filling error-free 1099s.


  • None

Delivery Method

  • Group Internet Based

NASBA Field Of Study

  • Accounting - Finance

Program Level

  • Basic Knowledge Required