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1099 101: Just the Basics


Thursday, April 25, 2024 | 2:00PM - 3:45PM Eastern Time

All businesses are required to report certain types of income paid to individuals using 1099 series forms. Reporting 1099s can be complex, especially when you must report more than one type of 1099 form.

Navigating the reporting process can be intricate, with various aspects that may cause confusion, such as determining which 1099 forms to report, understanding varying due dates, and accounting for direct-state filings, among other considerations. This session will break down the basics of tax information reporting, including topics such as:

  • 1099 reporting terminology
  • Common form types, including thresholds and deadlines
  • Common corrections
  • Federal vs. state reporting
  • Best practices for compliant reporting

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Featured speakers:

Robert Beck - Regulatory Counsel, Sovos

Robert Beck works as Regulatory Counsel for the Tax Information Reporting (TIR) Regulatory Analysis & Design Team at Sovos Compliance. His focus is on information reporting for withholding tax at the federal and state levels. Robert has experience in both litigation work and tax regulatory reporting research. He is a member of the Massachusetts Bar since 2019. Robert earned his B.A. in Justice from the University of Alaska Fairbanks, and his law degree from New England Law, Boston.

Patrick Tracey - Senior Compliance Services Representative, Sovos

Patrick is a Senior Compliance Services Representative at Sovos. His main role is processing data with global accounts for 1099 and W2 reporting as well as sharing his technical knowledge with the Managed Services teams. Prior to Sovos, he was a licensed math teacher in Minnesota for 7 years.

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Receive 2 CEUs toward maintaining a certification with IOFM! IOFM's premier certification programs are designed to establish standards for the industry and recognize financial operations professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the body of knowledge in their profession. Additional rules may apply, depending on your certification. See full guidelines here

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Receive 1.5 CPEs towards a CPA license with NASBA. IOFM, A Diversified Business Communications Company, is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors (Sponsor number: 112048) State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: For more information about our NASBA CPE Policies, visit

Accessibility Information:

IOFM is committed to accessibility. Disability-related accommodation requests for the live event (such as providing live captioning) should be sent to [email protected] by close of business the day before the live webinar. A captioned recording of this webinar can be made available upon request to [email protected].

Cancellation policy:

To cancel your registration for this event, simply contact IOFM customer service at [email protected] (or call 207-842-5557) no later than 24 hours prior to the scheduled start of the event. You can choose to access the full recorded event, or, your credit may be applied toward the purchase of any IOFM product or interactive event. If for any reason you are not completely satisfied with this program, we will provide a full refund — no questions asked!

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