1099 Reporting Attorney and Settlement Payments
Date: Monday, October 6, 2025
Instructor: Steven D. Mercatante
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
The IRS is paying close attention to third-party payers, including small and mid-size businesses, and how they report payments made to attorneys and claimants on Forms 1099-NEC and 1099-MISC. During this course we will explore:
• How to comply with IRS rules when reporting attorney fees and other third-party payments
• What to do when you must 1099 report settlement payments to claimants
• Documentation requirements and instructions for Forms 1099-NEC and 1099-MISC
Plus, you will learn what your organization needs to be doing now to meet reporting deadlines and ensure compliance. In this course, industry expert and corporate tax attorney Steven D. Mercatante Esq. takes a look at some of the more common problems related to documenting, validating, and reporting 1099 settlement/attorney payments.
Topics Covered
- How to comply with IRS rules when reporting attorney fees and other third-party payments
- What to do when you must 1099 report settlement payments to claimants
- Documentation requirements and instructions for Forms 1099-NEC and 1099-MISC
Learning Objectives
- The IRS is paying close attention to third-party payers, including small and mid-size businesses, and how they report payments made to attorneys and claimants on Forms 1099-NEC and 1099-MISC. During this course we will explore:
- How to comply with IRS rules when reporting attorney fees and other third-party payments
- What to do when you must 1099 report settlement payments to claimants
- Identify which settlement payments are non-reportable
- Discover when a settlement payment is reportable, but not on the Form 1099-MISC
- Documentation requirements and instructions for Forms 1099-NEC and 1099-MISC
- Plus, you will learn what your organization needs to be doing now to meet reporting deadlines and ensure compliance. In this course, industry expert and corporate tax attorney Steven D. Mercatante Esq. takes a look at some of the more common problems related to documenting, validating, and reporting 1099 settlement/attorney payments.
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
