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Form 1099 Compliance #379726

Course Overview

Credit

Amount

CPA

EA / OTRP

Course Author: Steven M. Bragg, CPA Field of Study (CPA): Taxes Field of Study (EA/OTRP): Federal Tax Law/Related Matters

Course Description

Course publication/revision date: This course was updated on 8/28/2026.

The IRS mandates that several variations on the Form 1099 be issued early each year, documenting payments made to other parties. In the Form 1099 Compliance course, we discuss the contents of the Forms 1099-MISC, 1099-NEC, 1099-A, 1099-C, and 1099-K, how to deal with incorrect filings, penalties for incorrect filings, and a number of administrative issues to make the filing process more efficient.

Table of Contents

Form 1099 Compliance1

Introduction	1
The Form 1099-MISC	1
The Form 1099-NEC	5
The Form 1099-A	8
The Form 1099-C	9
The Form 1099-K	11
The Backup Withholding Rule	14
Treatment of Incorrect Filings	15
IRS Filing Penalties	16
Form 1099 Administrative Issues	16
Summary	17
Review Questions	18

Answers to Course Questions19

Glossary20

Index21

Course Details

Author: Steven M. Bragg, CPA

Steven Bragg, CPA, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young. He received a master’s degree in finance from Bentley College, an MBA from Babson College, and a Bachelor’s degree in Economics from the University of Maine. He has been a two-time president of the Colorado Mountain Club, and is an avid alpine skier, mountain biker, and certified master diver. Mr. Bragg resides in Centennial, Colorado. He has written more than 300 books and courses, including New Controller Guidebook, GAAP Guidebook, and Payroll Management.

Publication/Revision Date: 8/28/2026

Course Exam Questions (online): 5 (multiple-choice)

Program Delivery Method: Self-Study (NASBA QAS Self-Study)

Available Formats of Course Text: PDF or PDF plus printed copy sent in the mail

Course Level, Prerequisites, and Advance Preparation Requirements

License	Course Level	Prerequisites	Advance Preparation Requirements
CPA	Basic	None	None
EA/OTRP	Basic	None	None

Sponsor ID Numbers

National Registry of CPE Sponsors ID: 107615

IRS Qualified Sponsor ID: FWWKO — Course ID: FWKK0-T-00796-26-S

State CPA Board Sponsor ID Numbers (where applicable)

Florida Division of Certified Public Accounting: 0004761

Hawaii Board of Public Accountancy: 14003

New York State Board for Public Accountancy: 002146

Ohio Accountancy Board: CPE .51 PSR

Pennsylvania State Board of Accountancy: PX178025

Texas State Board of Public Accountancy: 009349

Learning Objectives

As a result of studying the course material, you should be able to meet the objectives listed below:

Identify the threshold level at which electronic filing is required for 1099 forms.
Specify the reporting requirements for each of the 1099 forms.