Payment Reporting Specialist (1099) Certification

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Designed for: The Payment Reporting Specialist Certification (CPRS) program is designed for those responsible for compliant 1099 reporting to vendors and the Internal Revenue Service.

Program description: Each year, the IRS implements scores — even hundreds — of changes to the tax code, and failure to comply has expensive consequences. This course covers the current tax code concerning payments to U.S. vendors and addresses the complexities of reporting them.

Key areas of study: Tax Code Changes, Identifying Payees, Form 1099-MISC, Attorney and Middleman Fees, Expense Reimbursements, Penalty and B Notices, State Reporting, IRS Audits

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The Payment Reporting Specialist Certification Program is updated every fall in line with the 1099 reporting season. The exact schedule for release is dependent on when IRS publishes updates that year. Certification is maintained by paying a recertification fee and passing a biennial exam.