1099/W-2 Compliance Implications of the New July 2025 Tax Bill
Author: Steven D. Mercatante
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Law Updates for EAs and OTRPs
1 hour Federal Tax Updates for CTEC |
With constant revisions to Form 1099 and the related 2025 rule changes announced to date (including those of July 2025), it is crucial to remain up-to-date with the current information reporting laws to avoid those dreaded penalties and interest not to mention the time consumed to make corrections. Whether you are new or seeking an update this course will provide CPA's, Accounts Payable, Payroll, and Tax with plain English guidance to help minimize 1099 filing mistakes while breaking down the toughest 1099 payee and payment reporting situations.
In this course, industry expert and corporate tax attorney Steven D. Mercatante Esq. takes a look at some of the more common problems experienced by CPA's, accounts payable, and tax departments related to documenting, validating, and reporting payee information on IRS Forms 1099. He identifies key issues and best-practices for addressing them.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN cardPublication Date: July 2025
Topics Covered
- Everything you need to know about the July 2025 Tax Bill as it relates to the Form 1099/W-2 compliance and reporting
- Changes made in 2025 to Forms 1099 and what information you need to be in compliance
- What to do going forward regarding the new tax changes
- Strategies to Remain Compliant with Proper Policies & Procedures
- What to look for going forward in terms of the rule-making process
- New documentation steps you must take to be 1099 compliant
Learning Objectives
- Explain how you should respond to the 1099/W-2 changes from the July 2025 tax bill
- Explain about 2025 updates to Forms 1099 including the Forms 1099-NEC, 1099-MISC, 1099-R, 1099-INT, 1099-K, 1099-DIV, 1099-C, 1099-S, and Form 945
- Identify the 1099 changes you must respond to prior to filing season
- Recognize what you still have to look for in terms of guidance to 1099 reporting procedures
- Identify how these new rules change your in-year Form 1099/W-2 compliance policies and procedures as well as reporting
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
A basic understanding of Form 1099.
Advance Preparation
None
