Payment Reporting Specialist (1099) Certification

Payment Reporting Specialist (1099) Certification Program

With ever-changing federal and state legislative 1099 regulatory requirements, any organization that is not knowledgeable and the staff and business areas not prepared to comply with complex regulations could face significant financial risk and the possibility that you may be required to make a public disclosure of the risk.

Any person who has responsibility for 1099 and state reporting is required to be up to date on all current regulations. The penalties and risks associated with non-compliance are onerous, and the burden is on you and your organization - not the IRS - to see that you are educated about regulatory updates. Ignorance of the law leaves you and your company exposed to costly penalties and legal fees.

Accurate payment reporting is a critical function in AP, and earning a certification in this area of accounts payable demonstrates to your employer that you are dedicated to achieving 100% compliance. Employees who have earned the CPRS designation can play a key role in ensuring accurate reporting and fine avoidance - improving the bottom line and increasing your value to the organization.

This online class will prepare you to tackle some of the biggest compliance challenges in payments reporting, including:

  • What is (and is not) reportable
  • Dealing with Form W-9
  • Withholding on payments
  • Payments to third parties (e.g., lawyers)
  • Settlement payments
  • Reporting payments made through corporate credit cards
  • Documentation requirements
  • Foreign vendors
  • Handling B-Notices

You will leave the course prepared and ready to take the Payment Reporting Specialist Certification exam. The exam can be taken immediately upon course completion or at a time that's more convenient for you (must be completed within one year of purchase). Upon passing the exam, you will earn your credential as a Certified Payment Reporting Specialist (CPRS). 

1099 Certification Online Training Options

Live, Online Classes

IOFM live, online class registration includes a one-day, six-hour webinar with a 1099 expert, e-textbook access and 3 attempts at the final exam. Live, Online CPRS Classes will take place in Fall 2020 in line with the 2020 CPRS update for the year-end 1099 reporting season. Sign up at right to be notified when it opens!


On-Demand Online Certification Program - 2019 Version (for reporting 2019 payments) NOW AVAILABLE! 


Pricing: $795.00

Includes: six-hour online training class (updated annually); Certification exam (3 attempts); online study guide (The Master Guide to Form 1099 Complliance)

Bi-annual Exam: Because the requirements and regulations for reporting change constantly IOFM will require you to pass an exam every two years. This will be required in order to maintain your Certified CPRS status. Included in the $150 recertification fee every two years will be the most recent version of the Master Guide to 1099 Compliance and access to the corresponding versino of the exam.


Coming Fall 2020! 2020 Version (for reporting 2020 payments) 

The CPRS course is updated annually in line with the 1099 reporting season and dependent on when IRS publishes updates. The 2020 CPRS course (for reporting 2020 payments) will be available as a live, online webinar first and then as an on-demand, self-study e-learning course in Fall 2020. Sign up at right to be notified about the 2020 CPRS course updates!

These Fortune 500 Companies have staff certified through the IOFM/AP & P2P certification programs. Shouldn’t you be certified too?

Wal-Mart • Bank of America Corp • Verizon Communications • American International Group • AmerisourceBergen • Boeing • Johnson & Johnson • MetLife • Freddie Mac • Sysco • FedEx • Aetna • Caterpillar • General Dynamics • Fannie Mae • Merck • Raytheon • Express Scripts • Northwestern Mutual • Emerson Electric • US Bancorp • Southern • L-3 Communications • Constellation Energy • Occidental Petroleum • Medtronic • American Electric Power • ConAgra Foods • KBR • Jabil Circuit • SAIC • Entergy • Textron • Sun Trust Banks • Mosaic • Progress Energy • Starbucks • Assurant • PPL • Quest Diagnostics • Ball • Reinsurance Group of America • Owens-Illinois • AutoZone • Dole Food • Thrivent Financial • McGraw-Hill • Amerigroup • Jarden • Western Union • Celanese • SPX • Agilent Technologies • General Cable • Alliant Techsystems, Inc.

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