On-demand Webinar: Backup Withholding: The “Forgotten Person” of the 1099 World

This course explores the often-overlooked topic of backup withholding in the 1099 reporting environment. Participants will gain a comprehensive understanding of what backup withholding is, when it’s required, and how to properly report it. The course covers key concepts such as CP-2100 letters, dealing with missing Social Security Numbers (SSNs) or Employer Identification Numbers (EINs), and the serious consequences of failing to comply. Real-world examples, practical scenarios, and polling questions ensure participants leave with actionable insights to help them remain compliant and avoid costly penalties.

 Learning Objectives

• By the end of this course, participants will be able to:
• Define backup withholding and identify when it is required.
• Explain the connection between backup withholding and missing taxpayer identification numbers.
• Interpret the requirements of CP-2100 letters and the “B Notice” process.
• Calculate the correct amount of backup withholding on payments.
• Describe the reporting obligations for backup withholding on Form 1099-NEC and Form 945.
• Apply strategies to avoid common backup withholding pitfalls and ensure compliance.

Featured Speaker

Jason Dinesen

Jason Dinesen, EA, is a distinguished tax professional and educator with a fervent passion for demystifying complex tax concepts. Jason prepares some tax returns each year, but spends most of his professional time teaching on various tax-related topics -- with 1099s being the one everyone comes back to over and over. He's also the founder of Dinesen Media Ventures, which provides a diverse range of media content, ranging from continuing education programs for accountants and tax professionals, to podcast production to radio and journalism content. Recognized for his sharp tax interpretations, Jason is renowned for promptly analyzing the latest tax updates and IRS guidance, sharing his insights with the professional community. Over his career, he has educated more than 200,000 accounting, tax, and HR professionals on various topics. Form 1099 was the very first thing he ever taught on, on April 26th, 2012, at a Sheraton Hotel next to a Lowe's in West Des Moines, Iowa. He is IOFM's go-to person for anything related to 1099s and information reporting.

Continuing education credits available!

Continuing Education for IOFM Certification

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. 

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!

For more information:

Contact Customer Service:

Phone: (207) 842-5557

Email: [email protected]